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Faculty of Economics

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Carvalho, V. M. and Tahbaz-Salehi, A.

Production Networks: A Primer

CWPE1856

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: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe1856.pdf

Open Access Link: https://doi.org/10.17863/CAM.33788