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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| Veröffentlicht in: | MAGKS - Joint Discussion Paper Series in Economics (Band 13-2014) |
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| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | Englisch |
| Veröffentlicht: |
2014
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| Online-Zugang: | PDF-Volltext |
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