Carvalho, V. M. and Tahbaz-Salehi, A.
Production Networks: A Primer
WP Number: 1813
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.
Keywords: networks, shock propagation, input-output linkages
Author links: Vasco Carvalho
PDF: wp1813.pdf 
Open Access Link: 10.17863/CAM.33788
