4 papers
Resilient-to-Fragile Transition and Excess Volatility in Supply Chain Networks
David Martin, José Moran, Debabrata Panja +1
We study a production network in which firms use non-substitutable (Leontief) inputs, hold precautionary inventories and face idiosyncratic productivity shocks, with adjustment occ…
Agent-based macroeconomics for the UK's Seventh Carbon Budget
Tom Youngman, Tim Lennox, M. Lopes Alves +9
In June 2026, the UK government will set its carbon budget for the period 2038 to 2042, the seventh such carbon budget (CB7) since the Climate Change Act became law in 2008. For th…
A differentiable model of supply-chain shocks
Saad Hamid, José Moran, Luca Mungo +2
Modelling how shocks propagate in supply chains is an increasingly important challenge in economics. Its relevance has been highlighted in recent years by events such as Covid-19 a…
Critical fragility in socio-technical systems
José Moran, Frank P. Pijpers, Utz Weitzel +2
Socio-technical systems, where technological and human elements interact in a goal-oriented manner, provide important functional support to our societies. Here we draw attention to…