We develop a multi-sector DSGE model to calculate upstream and downstream industry exposure networks from U.S. input-output tables and test the relative importance of shocks from each direction by comparing these with estimated networks of firms’ equity return responses to one another....

The global interfirm network indicates the level of integration among firms across industries and regions, which intensified with globalization in recent decades. While there is evidence of direct contagion passing between firms in the network, there are also indications that connectedness plays...

We develop a quantitative approach to evaluate the roles of upstream (supplier-to-user), downstream (user-to-supplier) and common factor shock transmission across firms. Inter-firm networks are estimated from U.S. equities over 1989-2017 using machine learning techniques. We then employ a...

I identify new patterns in countries' economic performance over the 2007-2014 period based on proximity through distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross-country variation, I develop an open economy model with...

I identify new patterns in countries' recoveries following the 2008 Global Crisis based on proximity through distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis zones. To understand the causes of the cross-country variation in recoveries, I develop an open economy...

I identify new patterns in countries' economic performance over the 2007-2014 period based on proximity through distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross-country variation, I develop an open economy model with...