Connected for Better or Worse? The Role of Production Networks in Financial Crises
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https://www.nber.org/papers/w34604
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资源简介：
We study how production networks shape the severity of Sudden Stops. We build a small open economy model with collateral constraints and inputoutput linkages, derive a sufficient statistic that maps network structure into the amplification of tradable shocks, and show that a planner optimally
提供机构：
美国国家经济研究局
创建时间：
2025-12-01
