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Production Networks: A Primer

Author

Listed:
  • Carvalho, Vasco M
  • Tahbaz-Salehi, Alireza

Abstract

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.

Suggested Citation

  • Carvalho, Vasco M & Tahbaz-Salehi, Alireza, 2018. "Production Networks: A Primer," CEPR Discussion Papers 13421, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:13421
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    References listed on IDEAS

    as
    1. Vasco Carvalho, 2007. "Aggregate fluctuations and the network structure of intersectoral trade," Economics Working Papers 1206, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2010.
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    Keywords

    input-output linkages; networks; shock propagation;

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