Inventories cycles in an augmented R.B.C. model

We propose an augmented version of the RBC model that can take into account the existence of lags in observation of demand shocks. This hypothesis seems to be a good framework to account for inventories fluctuations. We find some evidence showing the introduction of lag in observation as well as the existence of monetary shocks improve the ability of the model in matching the observed fluctuations.

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Year of publication:	1996-08
Authors:	Collard, Fabrice ; Jacques, Jean-François
Institutions:	Université Paris-Dauphine (Paris IX)
Subject:	Demand shocks \| RBC model \| Business cycle \| Inventories

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Series:	Economics Papers from University Paris Dauphine.
Type of publication:	Book / Working Paper
Notes:	Published in International Journal of Production Economics, 1996, Vol. 45, no. 1-3. pp. 9-19.Length: 10 pages
Classification:	G31 - Capital Budgeting; Investment Policy ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010707991