Bayesian Estimation of a DSGE Model with Inventories

This paper introduces inventories in an otherwise standard Dynamic Stochastic General Equilibrium Model (DSGE) of the business cycle. Firms accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. The paper’s main contribution is to pr...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 23-2011)
Main Author: Foerster, Marcel
Format: Work
Published: Philipps-Universität Marburg 2011
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics