Production Networks: A Primer

Vasco M. Carvalho, Alireza Tahbaz-Salehi

Research output: Contribution to journalReview articlepeer-review

53 Scopus citations


This article reviews the literature on production networks in macroeconomics. It presents the theoretical foundations for the role of input-output linkages as a shock propagation channel and as a mechanism for transforming microeconomic shocks into macroeconomic fluctuations. The article also provides a brief guide to the growing literature that explores these themes empirically and quantitatively.

Original languageEnglish (US)
Pages (from-to)635-663
Number of pages29
JournalAnnual Review of Economics
StatePublished - Aug 2 2019


  • aggregate fluctuations
  • input output linkages
  • networks
  • shock propagation

ASJC Scopus subject areas

  • Economics and Econometrics


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