Modeling Inventories over the Business Cycle
نویسندگان
چکیده
منابع مشابه
Modeling Inventories Over The Business Cycle
We search for useful models of aggregate fluctuations with inventories. We focus exclusively on dynamic stochastic general equilibrium models that endogenously give rise to inventory investment and evaluate two leading candidates: the (S,s) model and the stockout avoidance model. Each model is examined under both technology shocks and preference shocks, and its performance gauged by its ability...
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Investment in business inventories has averaged roughly one-half of 1 percent of real GDP in the United States over the post–World War II period. Given its relatively minor role as a component of output, it might seem curious that inventory investment has traditionally drawn a great deal of interest from macroeconomists and policymakers. One reason is that although the level of inventory invest...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.591966