Updated
Updated · arxiv.org · Nov 4
Computing Endogenous Transformations in Processing Networks: A Dynamic Calibration Approach
Updated
Updated · arxiv.org · Nov 4

Computing Endogenous Transformations in Processing Networks: A Dynamic Calibration Approach

1 articles · Updated · arxiv.org · Nov 4

Summary

  • Researchers have developed a new dynamic calibration algorithm to model endogenous transformations in economy-wide processing networks.
  • The approach leverages the hierarchical structure of supply chains, allowing efficient estimation of substitution elasticities from time-series data.
  • Findings show that structural inelasticity in US production networks can amplify macroeconomic risks and depress aggregate productivity.

Sources

arxiv.org17h ago
Computing Endogenous Transformations in Processing Networks: A Dynamic Calibration Approach

Sources

1 total
arxiv.org17h ago
Computing Endogenous Transformations in Processing Networks: A Dynamic Calibration Approach