This paper quantifies the micro- and macro-level consequences of the sudden appreciation of the Swiss franc in 2015, one of the sharpest and most persistent currency movements in recent decades. Using detailed firm-level data on French imports and exports, we show that the Swiss franc...

We develop a general equilibrium production network model that spans two periods and incorporates heterogeneous households, firm-specific CobbDouglas production technologies, and a time-to-build mechanism for capital formation. Within this dynamic framework, we establish the existence and...

This paper examines the impact of growth of the service sector on economic fluctuations and its underlying mechanisms from the perspective of global production networks. We analyze this mechanism by constructing general equilibrium model of production networks and empirically test it by using...

This paper examines how international trade shocks transmit through domestic supply chains, shaping local economic vulnerabilities. Using detailed firm-to-firm domestic and foreign transaction data, we quantify the direct and indirect exposure of Italian labor markets to two major sources of...

In recent years, there has been a controversial debate on how the rapid diffusion of digital technologies affects labour productivity in advanced economies. Using a multi-sector dynamic general equilibrium model, we show that cumulative labour productivity growth in the United States, Germany...

This paper estimates how the impact of a natural disaster propagates through the production network. More precisely, we look at the excessive rainfall in the summer of 2021 that caused large areas to be severely flooded in Belgium. We first look at the direct effects on firms active in the...

Carbon markets are a central instrument to decarbonise our economies and mitigate the impacts of climate change. Within the European Union, carbon pricing to date has primarily targeted electricity generation and greenhouse gas-intensive industries, and regulatory focus has typically been...

Transmission channels from monetary shocks might be identified by studying the features of the production network. The main aim of this paper is to provide insights about the role of production network into the propagation of monetary policy shocks in G7 economies. Time-varying Bayesian...

Space-enabled technologies underpin communications, navigation, Earth observation, and critical infrastructure, but widely cited estimates of the space economy often rely on proprietary classifications or revenue tallies that abstract from production linkages. We develop a transparent,...

The adoption of innovations to support technological transitions is widely recognized as a key strategic lever for maintaining competitiveness, but while many studies have explored the general determinants of innovation, less is known about the factors that foster the development of innovation...

We conduct an artefactual field experiment in real-existing trade networks to analyze how individual network degree affects bargaining demands and outcomes. We combine data from a bilateral bargaining experiment with data of trade networks in 24 villages in Uganda. To identify the effect of...

With growing consumer concerns about the environmental and social impacts of their purchases, some multinational corporations (MNCs) have begun publishing lists of their first-tier and other upstream suppliers with varying levels of detail and analysis in Corporate Social Responsibility (CSR)...

Based on the input-output table and the supplier-customer data disclosed by the listed companies in China, this paper builds China's production network on both industry level and firm level. We describe the characteristics of such network using various network indexes and obtain the following...

This study investigates the patterns of global value chain (GVC) participation of Pacific island countries (PICs) at the country, industry, and firm levels, utilizing UNCTAD-Eora GVC data (1999-2018) and the World Bank's Enterprise Survey data (2009 and 2015). It also uses the survey data to...

Decentralized Finance (DeFi) is composed of a variety of heterogeneous sectors that are interconnected through an input-output network of its tokens. We use a panel data set to empricially document the evolution of the DeFi network across its different sectors. We then employ a standard,...

We develop a general equilibrium production network model that spans two periods and incorporates heterogeneous households, firm-specific CobbDouglas production technologies, and a time-to-build mechanism for capital formation. Within this dynamic framework, we establish the existence and...

Widespread interest in circular economy policies to drive resource productivity with positive environmental and social spillovers has led to a proliferation of small-scale studies and case examples. To date, there remain relatively few macroeconomic approaches to estimate aggregate resource...

Global energy challenges have highlighted the importance of open innovation, which facilitates the development of efficient energy solutions through collaboration and knowledge sharing. However, owing to the increasing diversity of the energy open innovation ecosystem and the lack of...

In an increasingly interconnected global landscape, diaspora communities maintain complex transnational ties with their homelands, influencing local religious practices and institutions. This study examines how UK-Bangladesh diaspora connections shape religious identity formation and social...