Based on a connection between network analysis and B-VAR models, this paper provides a first empirical evidence of the relationships between capital centralization expressed in terms of network control on one hand and monetary policy guidelines and business cycles on the other. Our findings...

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We quantify the role of global production linkages in explaining spillovers of U.S. monetarypolicy shocks to stock returns across countries and sectors using a newly constructed dataset.Our estimation strategy is based on a standard open-economy production network model thatdelivers a spillover...

We quantify the role of global production linkages in explaining spillovers of U.S. monetary policy shocks to stock returns of fifty-four sectors in twenty-six countries. We first present a conceptual framework based on a standard open-economy production network model that delivers a spillover...