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Production Networks: A Primer

Friday 5th October 2018
CINET:
1813
Carvalho, V. M. and Tahbaz-Salehi, A.
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
Themes
transmission
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