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Networks and the Macroeconomy: An Empirical Exploration

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NBER2015-07-01 更新2025-01-04 收录
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The propagation of macroeconomic shocks through input-output and geographic networks can be a powerful driver of macroeconomic fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission

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2015-07-01
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