9 papers
Network Origins of the Money-Output Relation
Vipin P Veetil
This paper develops a dynamic production-network model in which monetary non-neutrality emerges under fully flexible prices. Firms finance intermediate-input purchases from current…
Economic Power in International Trade
Ashwin Bhattathiripad, Vipin P Veetil
Economic power is a country's capacity to harm another more than itself by withdrawing from a trading relationship. This paper develops a short-run model of trade disruptions to me…
Allocation Condensation in Redistributive Networks
T. Ashwin Bhattathiripad, Vipin P. Veetil
We study a fixed network on which new mass is allocated in proportion to a power of each node's stock and then redistributed. Transport retains a fraction of both old and new mass…
Macroeconomic Risks from Maritime Trade Disruptions
Vipin P. Veetil, Fathimath S. Vemmarath
This paper develops a model of maritime chokepoint closures in which interrupting a shipping passage produces losses that are not measured, or even bounded, by the value of the tra…
How Vulnerable is India's Economy to Foreign Sanctions?
Vipin P. Veetil
This paper develops a simple model of the world supply chain to estimate the effects of sanctions that restrict the flow of inputs from one country to another. Such restrictions op…
Shock Propagation and Macroeconomic Fluctuations
Antoine Mandel, Vipin P. Veetil
We study how idiosyncratic firm-level shocks generate aggregate volatility and tail risk when they propagate through a production network under overlapping adjustment: new producti…
Inflation and the Distortion of Relative Prices
Vipin P Veetil
This paper presents a production network model of inflationary dynamics in which inflation can have near-zero correlation with the size of price change yet generate significant dis…
When Is Degree Enough? Bounds on Degree-Eigenvector Misalignment in Assortative Structured Networks
Sreerag Puravankara, Vipin P. Veetil
A tight alignment between the degree vector and the leading eigenvector arises naturally in networks with neutral degree mixing and the absence of local structures. Many real-world…
Reconstructing Large Scale Production Networks
Ashwin Bhattathiripad, Vipin P Veetil
Firm-to-firm production networks matter for aggregate propagation, but they are rarely observed. This paper reconstructs national-scale, weighted firm-to-firm networks from two pub…