production networks in the propagation of shocks along two dimensions. First, we set forth a Bayesian spatial panel state …-space model that assumes time variation in the spatial dependence parameter, and apply the framework to a study of measuring … network effects varies strongly over time. In particular, US recessions tend to coincide with periods where between 40 to 60 …

There has been a call for caution when using the conventional method for Bayesian inference in setidentified structural …