Discussion paper

DP13421 Production Networks: A Primer

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.

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Citation

Carvalho, V and A Tahbaz-Salehi (eds) (2018), “DP13421 Production Networks: A Primer”, CEPR Press Discussion Paper No. 13421. https://new.cepr.org/publications/dp13421