Production Networks: A Primer
Preprint
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Authors
Carvalho, V. M
Tahbaz-Salehi, A.
Abstract
This article reviews the literature on production networks in macroeconomics. It presents the theoretical foundations for the roles of input-output linkages as a shock propagation channel and a mechanism for transforming microeconomic shocks into macroeconomic fluctuations. The article provides a brief guide to the growing literature that explores these themes empirically and quantitatively.
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Keywords
networks, shock propagation, input-output linkages.
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Publisher
Faculty of Economics