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Persistent link: https://www.econbiz.de/10011746290
This paper describes the response of the economy to large shocks in a nonlinear production network. While arbitrary combinations of shocks can be studied, it focuses on a sector's tail centrality, which quantifies the effect of a large negative shock to the sector - a measure of the systemic...
Persistent link: https://www.econbiz.de/10013388835