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BEGIN:VEVENT
UID:dffed08b404c40c9753d09f8e085be83
CATEGORIES:Seminars
CREATED:20220209T143644
SUMMARY:WEBINAR:  Alessandro Ferrari - University of Zurich
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><span style="font-size: 11pt; font-family: Calibri, sans-serif;"><strong
 >Shock Propagation and Amplification in Production Networks</strong>”</span
 ></p><p><span style="font-size: 11pt; font-family: Calibri, sans-serif;">Ab
 stract: </span></p><p style="text-align: justify;"><span style="font-size: 
 11pt; font-family: Calibri, sans-serif;">I study the role of industries pos
 ition in supply chains on the transmission of final demand shocks. First, I
  use a shift-share design based on destination specific final demand shocks
  and destination shares to show that shocks amplify upstream. Quantitativel
 y, I find, upstream industries respond to final demand shocks up to three t
 imes as much as final goods producers. To organize the reduced form results
 , I develop a production network model with inventories and study how the p
 roperties of the network itself and the cyclicality of inventories interact
  to determine whether final demand shocks amplify or dissipate upstream. I 
 test the mechanism both by directly estimating the model and in reduced for
 m and I find evidence of the role of inventories in explaining heterogeneou
 s output elasticities.</span></p>
DTSTAMP:20260404T013454Z
DTSTART:20220215T170000Z
DTEND:20220215T181500Z
SEQUENCE:0
TRANSP:OPAQUE
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