NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Network Origins of Large Economic Downturns

Daron Acemoglu, Asuman Ozdaglar, Alireza Tahbaz-Salehi

NBER Working Paper No. 19230
Issued in July 2013

---- Acknowledgements -----

This paper is partially based on the previously unpublished results in the working paper of Acemoglu, Ozdaglar, and Tahbaz-Salehi (2010). We are grateful to Vasco Carvalho, Xavier Gabaix and Mihalis Markakis for fruitful conversations. Acemoglu and Ozdaglar gratefully acknowledge financial support from the Army Research Office, Grant MURI W911NF-12-1-0509. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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