We study the aggregate effects of sectoral productivity shocks in a multisectoral New Keynesian open-economy model that allows for asymmetric input-output linkages, both within and between countries, as well as for heterogeneity in sectoral Calvo-type price stickiness. Asymmetries in the...

Since the beginning of the Russo-Ukrainian war, Western countries have implemented one of the most extensive sanction packages in history against Russia. This paper employs the Multi-region Input-Output model to assess which sectors of the Russian economy are most likely to experience economic...

We (re)evaluate the general-equilibrium effects of (environmental) policies from the perspectives of input-output networks and firm dynamics. Using China's carbon emission trading system (ETS) as an example, we find that ETS leads to more patent applications, especially the ones associated with...