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)
Autor Principal: Foerster, Marcel
Formato: Artigo
Idioma:inglés
Publicado: Philipps-Universität Marburg 2014
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