The Network Origins of Large Economic Downturns
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This paper shows that large economic downturns may result from the propagation of microeconomic shocks over the input-output linkages across different firms or sectors within the economy. Building on the framework of Acemoglu et al. (2012), we argue that the economy's input-output structure can
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美国国家经济研究局创建时间：
2013-07-01
