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UID:bcbf8b691a1478b1a6fa98f9203922e4
CATEGORIES:Seminars
CREATED:20150211T193214
SUMMARY:Julien Sauvagnat - ENSAE (Job Market Seminar)
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Input Specificity and the Propagation of Idiosyncratic Shocks in Production
  Networks\nAbstract:\nThis paper examines whether firm-level idiosyncratic 
 shocks propagate in production networks. We identify idiosyncratic shocks w
 ith the occurrence of natural disasters. We find that affected suppliers im
 pose substantial output losses on their customers, especially when they pro
 duce specific inputs. These output losses translate into significant market
  value losses, and they spill over to other suppliers. Our point estimates 
 are economically large, suggesting that input specificity is an important d
 eterminant of the propagation of idiosyncratic shocks in the economy.\n
DTSTAMP:20260404T104555Z
DTSTART:20150129T153000Z
DTEND:20150129T170000Z
SEQUENCE:0
TRANSP:OPAQUE
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