"Mohammed Dahleh Distinguished Lecture: ‘Cascades in Networks and Aggregate Volatility,’ Daron Acemoglu, MIT"

Daron Acemoglu, Professor, MIT

April 11th (Monday), 4:00pm
ESB 1001

We study the cascade effects created by interconnections between sectors, firms or financial institutions. Focusing on multi-sector economy linked through a supply network, we show how structural properties of the supply network determine aggregate volatility and the possibility of cascades in which low productivity or the failure of a set of suppliers propagates through the rest of the economy as their downstream sectors/firms also suffer and transmit further downstream.

The event will be followed by reception and refreshments.

About Daron Acemoglu:

Daron Acemoglu is Elizabeth and James Killian Professor of Economics in the Department of Economics at the Massachusetts Institute of Technology and a member of the Economic Growth program of the Canadian Institute of Advanced Research.

Hosted by: COE, CCDC, and LAEF