• Economics
  • Published 2008

Aggregate Fluctuations and the Network Structure of Intersectoral Trade

@inproceedings{Carvalho2008AggregateFA,
  title={Aggregate Fluctuations and the Network Structure of Intersectoral Trade},
  author={Vasco M. Carvalho},
  year={2008}
}
This paper analyzes the flow of intermediate inputs across sectors by adopting a network perspective on sectoral interactions. I apply these tools to show how fluctuations in aggregate economic activity can be obtained from independent shocks to individual sectors. First, I characterize the network structure of input trade in the U.S. On the demand side, a typical sector relies on a small number of key inputs and sectors are homogeneous in this respect. However, in their role as input-suppliers… CONTINUE READING

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