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...
| Published in: | International Economic Review Vol. 64; no. 3; pp. 1023 - 1047 |
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| Format: | Article |
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Wiley-Blackwell
Aug2023
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| Online Access: | View this record in EBSCOhost |