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 …

data from 1995Q4 to 2021Q4 and Bayesian estimation methods, we find that trend inflation has been well-anchored during the …