Propagation of shocks in an input-output economy: Evidence from disaggregated prices

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Studies indicate that utilizing disaggregated industry-level data has allowed for empirical testing of predictions made by input-output models with inflexible prices.
Furthermore, it has been observed that the price reactions to shocks align with the price sensitivities projected by the input-output model.
Additionally, it has been found that the distribution of moments of sectoral pricing shift has changed over time in response to alterations in network structure.

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