Aggregate Fluctuations and the Network Structure of Intersectoral Trade

By Vasco M. Carvalho. 2010

219 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/cfcd9e354df0f03c782a26e5d6a098b2daea18d5

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1. B. Grassi
2. Jean-Noël Barrot
3. Julien Sauvagnat
4. Rajna Gibson
5. Matthew O. Jackson
6. Marta Fana
7. R. Lumsdaine

Citations in the corpus

• Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks (2016, background): “…the economy through industry linkages (Long and Plosser 1987; Jovanovic 1987; Durlauf 1993; Bak et al. 1993; Horvath 1998, 2000; Conley and Dupor 2003; Di Giovanni and Levchenko 2010; Carvalho 2010; Caselli et al. 2011; Acemoglu et al. 2012; Bigio and La’O 2013; Caliendo et al. 2014; Baqaee 2015).”
• The Development Effects of the Extractive Colonial Economy: The Dutch Cultivation System in Java (2019, unknown): “See Acemoglu et al. (2016), Baqaee (2015), Acemoglu et al. (2012), Carvalho (2009) for the role of input– outputlinkagesintransmittingmacroeconomicshocksandLiu(2017),Lane(2017),Bartelme and Gorodnichenko(2015) higherdensityofintercityandlocalroads,aswellasrailroads,thanplacesjustafewkilometers…”
• From micro to macro via production networks (2014, background): “Carvalho (2010) also generalizes the theoretical 18A burgeoning micro-literature on pricing and intermediation in networks can offer additional insights on the theory side.”
• Firm Volatility in Granular Networks (2013, unknown): “Acemoglu et al. (2012) and Carvalho (2010) show that sparsity of inter-sector linkages inhibits diversification in an economy and raises aggregate volatility.”
• Sectoral Effects of Social Distancing (2020, methodology): “We first calibrate a standard network model, the static version of the general equilibrium model in Long and Plosser (1983) analyzed by Carvalho (2010) and Acemoglu et al. (2012), to the French economy.”
• Supply Chain Disruptions: Evidence from the Great East Japan Earthquake* (2016, unknown): “…studies the microeconomic origins of aggregate fluctuations, including early contributions by Jovanovic (1987) and Durlauf (1993); papers such as Carvalho (2010), Jones (2013), Liu (2019), Bigio and La’O (2020), Baqaee and Farhi (2020), and Grassi (2017) studying the role of linkages in…”
• Monetary Policy Through Production Networks: Evidence from the Stock Market (2017, unknown): “Acemoglu, Akcigit, and Kerr (2016) and Barrot and Sauvagnat (2016) show that networks are empirically important for aggregate fluctuations as well as for the propagation of federal spending, trade, technology, and knowledge shocks.”
• Networks in Production: Asset Pricing Implications (2017, unknown): “Another related paper is Kelly, Lustig, and Van Nieuwerburgh (2013) who investigate the relation between firm size distribution and firm-level volatility through the lens of a customer-supplier network model. However, they do not investigate the asset pricing implications of customer-supplier linkag”
• Sectoral vs. Aggregate Shocks: A Structural Factor Analysis of Industrial Production (2008, unknown): “A second strand of literature is rooted in more structural calibrated multisector models, such as Long and Plosser (1983), Horvath (1998, 2000), Dupor (1999) and Carvalho (2007), that explicitly take into account sectoral linkages across sectors. In these models, whether sectoral linkages are suffic”