An Empirical Analysis of Business Cycles in a New Keynesian Model with Inventories
This paper introduces inventories in an otherwise standard dynamic stochastic general equilibrium model. Firms accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. Based on U.S. data we estimate the parameters of our model using Ba...
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Publicado en: | MAGKS - Joint Discussion Paper Series in Economics (Band 13-2014) |
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Autor Principal: | |
Formato: | Artigo |
Idioma: | inglés |
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Philipps-Universität Marburg
2014
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Acceso en liña: | Texto completo PDF |
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