From micro to macro via production networks
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- dc.contributor.author Carvalho, Vasco M.
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2020-05-25T09:27:02Z
- dc.date.available 2020-05-25T09:27:02Z
- dc.date.issued 2014-10-01
- dc.date.modified 2020-05-25T09:24:26Z
- dc.description.abstract A modern economy is an intricately linked web of specialized production units, each relying on the flow of inputs from their suppliers to produce their own output which, in turn, is routed towards other downstream units. In this essay, I argue that this network perpective on production linkages can offer novel insights on the sources of aggregate fluctuations. To do this, I show (i) how production networks can be mapped to a standard general equilibrium setup; (ii) how to approach input-output from this networked perspective and (iii) how theory and data on production networks can be usefuly combined to shed light on comovement and aggregate fluctuations.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1449
- dc.identifier.citation Journal of Economic Perspectives, 28 (4), 23-48, 2014
- dc.identifier.uri http://hdl.handle.net/10230/22757
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1449
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword production networks; comovement; business cycles; input-output linkages.
- dc.subject.keyword Macroeconomics and International Economics
- dc.title From micro to macro via production networks
- dc.type info:eu-repo/semantics/workingPaper