02464cas a2200337 a 4500 AALejournalIMF022303 230101c9999 xx r poo 0 0eng d 5.00 USD 9781616356897 1018-5941 BD-DhAAL BD-DhAAL Boranova, Vizhdan. Cars in Europe : Supply Chains and Spillovers during COVID-19 Times / Vizhdan Boranova, Raju Huidrom, Ezgi Ozturk, Ara Stepanyan. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The auto sector is macro-critical in many European countries and constitutes one of the main supply chains in the region. Using a multi-sector and multi-country general equilibrium model, this paper presents a quantitative assessment of the impact of global pandemic-induced labor supply shocks-both directly and via supply chains-during the initial phase of the COVID-19 pandemic on the auto sector and aggregate activity in Europe. Our results suggest that these labor supply shocks would have a significant adverse impact on the major auto producers in Europe, with one-third of the decline in the value added of the car sector attributable to spillovers via supply chains within and across borders. Within borders, the pandemic-induced labor supply shocks in the services sector have a bigger adverse impact, reflecting their larger size and associated demand effects. Across borders, spillovers from the pandemic-induced labor supply shocks that originate in other European countries are larger than those that originate outside the region, though the latter are still sizable. Mode of access: Internet Auto Sector, Supply Chains and Spillovers imf Auto Sector imf Car Sale imf Labor Supply Shocks imf Jordan imf Huidrom, Raju. Ozturk, Ezgi. Stepanyan, Ara. IMF Working Papers; Working Paper ; No. 2022/006 Full text available on IMF http://elibrary.imf.org/view/journals/001/2022/006/001.2022.issue-006-en.xml IMF e-Library