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The semiconductor shortage and its implication for euro area trade, production and prices

Author

Listed:
  • Attinasi, Maria Grazia
  • De Stefani, Roberta
  • Frohm, Erik
  • Gunnella, Vanessa
  • Koester, Gerrit
  • Tóth, Máté
  • Melemenidis, Alexandros

Abstract

This box documents the misalignment between the surge in global demand for semiconductors and their limited global supply. The semiconductor chip shortage poses constraints on euro area manufacturers, particularly in industries relying on semiconductors, such as the computer, electronic, electrical equipment and automotive industries. So far, there is only limited evidence regarding the effects of the shortage of semiconductors on euro area price pressures. JEL Classification: F10, D24, E23, E31

Suggested Citation

  • Attinasi, Maria Grazia & De Stefani, Roberta & Frohm, Erik & Gunnella, Vanessa & Koester, Gerrit & Tóth, Máté & Melemenidis, Alexandros, 2021. "The semiconductor shortage and its implication for euro area trade, production and prices," Economic Bulletin Boxes, European Central Bank, vol. 4.
    • Handle: RePEc:ecb:ecbbox:2021:0004:6
    Note: 930374
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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2021/html/ecb.ebbox202104_06~780de2a8fb.en.html
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    Citations

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    Cited by:

    1. Lydia Novoszel & Tina Wakolbinger, 2022. "Meta-analysis of Supply Chain Disruption Research," SN Operations Research Forum, Springer, vol. 3(1), pages 1-25, March.

    More about this item

    Keywords

    intermediate inputs; prices; production; Semiconductors;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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