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UID:dffed08b404c40c9753d09f8e085be83
CATEGORIES:Seminars
CREATED:20220209T143644
SUMMARY:WEBINAR:  Alessandro Ferrari - University of Zurich
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nShock Propagation and Amplification in Production Networks”\n\n\nAbstra
 ct: \nI study the role of industries position in supply chains on the trans
 mission of final demand shocks. First, I use a shift-share design based on 
 destination specific final demand shocks and destination shares to show tha
 t shocks amplify upstream. Quantitatively, I find, upstream industries resp
 ond to final demand shocks up to three times as much as final goods produce
 rs. To organize the reduced form results, I develop a production network mo
 del with inventories and study how the properties 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 form and I find evidence of the role o
 f inventories in explaining heterogeneous output elasticities.\n
DTSTAMP:20260404T014017Z
DTSTART:20220215T170000Z
DTEND:20220215T181500Z
SEQUENCE:0
TRANSP:OPAQUE
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