A MULTILAYER VIEW OF SYSTEMIC IMPORTANCE AND AGGREGATE FLUCTUATIONS.

Economic systems are composed of multiple interrelated groups of agents and with multiple sources of network externalities present. This can give rise to novel systemic risks. We propose a multilayer model to understand this phenomenon. The model features complementary or substitutionary actions of...

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Detalles Bibliográficos
Publicado en:International Economic Review Vol. 64; no. 3; pp. 1023 - 1047
Autor principal: Tzavellas, Hector
Formato: Artículo
Publicado: Wiley-Blackwell Aug2023
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Acceso en línea:Ver este registro en EBSCOhost