Nonlinear Production Networks with an Application to the Covid-19 Crisis
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We study the effects of negative supply shocks and shocks to the composition of final demand on aggregate output in a disaggregated neoclassical model with multiple sectors, factors, and input-output linkages. We show how nonlinearities associated with complementarities in consumption and production
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美国国家经济研究局创建时间：
2020-06-01
