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The Great Moderation: Inventories, Shocks or Monetary Policy?
This paper presents a New Keynesian DSGE model with inventory holding firms. The model distinguishes between goods and materials, for both production as well as for inventories. The more detailed treatment of inventory holdings offers new insights into the determinants of business cycles before and...
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| Pubblicato in: | MAGKS - Joint Discussion Paper Series in Economics (Band 48-2013) |
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| Autore principale: | |
| Natura: | Articolo |
| Lingua: | inglese |
| Pubblicazione: |
Philipps-Universität Marburg
2013
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| Soggetti: | |
| Accesso online: | PDF Full Text |
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MAGKS - Joint Discussion Paper Series in Economics