Production Networks: A Primer

By Vasco M. Carvalho, Alireza Tahbaz-Salehi. Annual Review of Economics, 2019

324 citations recorded by the source corpus.

This article reviews the literature on production networks in macroeconomics. It presents the theoretical foundations for the role of input–output linkages as a shock propagation channel and as a mechanism for transforming microeconomic shocks into macroeconomic fluctuations. The article also provides a brief guide to the growing literature that explores these themes empirically and quantitatively.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a3a542f137f99b1d2d9a7f88466804602cb5e8ab

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