Transportation Bottlenecks and Aggregate Shocks -- by Giulia Brancaccio, Myrto Kalouptsidi, Theodore Papageorgiou, Yixin Zhou

We gratefully acknowledge financial assistance from NSF Award SES-231533-231534-231535. We are thankful for several helpful comments from George Alessandria, Costas Arkolakis, Amit Khandelwal, Jean-Paul L’Huillier and David Weinstein. We thank Carlos Eggers Prieto for research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.