This article reviews the literature on production networks in macroeconomics. It presents the
theoretical foundations for the role of input–output linkages as a shock propagation channel …

Many firms, banks, or other economic agents embedded in a network of codependencies
may experience a contemporaneous, sharp drop in functionality or productivity following a …

Many technological innovations replace workers with machines, but this capital-labor
substitution need not reduce aggregate labor demand because it simultaneously induces …

We provide a comprehensive and robust analysis of the role of renewable energy
consumption and institutions on economic growth and in combating CO 2 emissions across …

We provide a nonlinear characterization of the macroeconomic impact of microeconomic
productivity shocks in terms of reduced‐form nonparametric elasticities for efficient …

Many develo** economies adopt industrial policies favoring selected sectors. Is there an
economic logic to this type of intervention? I analyze industrial policy when economic …

The recent financial crisis has prompted much new research on the interconnectedness of
the modern financial system and the extent to which it contributes to systemic fragility …

Exploiting the exogenous and regional nature of the Great East Japan Earthquake of 2011,
this article provides a quantification of the role of input-output linkages as a mechanism for …

The relative importance of small-and medium-sized enterprises (SMEs) and large firms is a
recurrent topic in the small business economics literature. This paper presents a real and …

How should policymakers respond to the recent surge in inflation? This paper examines the
impact of global supply chain pressures on euro area inflation and the implications for …