We explore the macro-financial consequences of the disruption of a supply chain in an agent based framework characterized by two networks, a credit network connecting banks and firms and a production network connecting upstream and down-stream firms. We consider two scenarios. In the first one,...

Der Ausbruch der Coronapandemie 2020 hat die Abhängigkeit der deutschen Wirtschaft von globalen Lieferketten off engelegt. Verzögerungen bei der Zulieferung oder der Ausfall von Vorprodukten infolge eingeschränkter Logistikkapazitäten, geschlossener Grenzen oder einer gestörten Produktion...

We examine the labor market consequences of recent global supply chain disruptions induced by COVID-19. Specifically, we consider a temporary increase in international trade costs similar to the one observed during the pandemic and analyze its effects on labor market outcomes using a...

The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a full' Generalized Least...

This paper studies the role played by politics in shaping the Italian railway network, and its impact on long-run growth patterns. Examining a large state-planned railway expansion that took place during the second half of the 19th century in a recently unified country, we first study how both...