Data, without a model, are just numbers. The analysis of networks in economics should take into account how economic agents react to exogenous shocks. In order to determine the centrality of a node in the global input-output network, we analyze the network through the lenses of an economic model...

It is argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and the public...