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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

Theme: transmission