Roundup: Supply Chains, Venture Capital, Inflation and Pandemic Work Policies

Today, we are highlighting some research the St. Louis Fed has recently produced that you may have missed. The articles below were published in the Review.

Global Supply Chain Disruptions and Inflation During the COVID-19 Pandemic

This article investigates the role that supply chain disruptions played in U.S. producer price index (PPI) inflation during the COVID-19 pandemic. The authors show that exposure to such disruptions had a significant role in cross-industry PPI inflation between January and November 2021.

Venture Capital: A Catalyst for Innovation and Growth

This article studies the development of the venture capital (VC) industry in the U.S. and assesses how VC financing affects firm innovation and growth. The results highlight the essential role of VC financing for U.S. innovation and growth and suggest that VC development in other countries could promote their economic growth.

On the Relative Performance of Inflation Forecasts

Inflation expectations constitute important components of macroeconomic models and monetary policy rules. This article investigates the relative performance of consumer, professional, market-based and model-based inflation forecasts.

Who Should Work from Home During a Pandemic? The Wage-Infection Trade-off

Shutting down the workplace is an effective means of reducing contagion but can induce large economic losses. This article finds that the economic costs of containing a pandemic can be minimized by sending home only those workers who are highly exposed to infection risk but who can perform their jobs easily from home.