Wen, Yi (contributor) - 2005
Economics
Cornell University
Ithaca, NY 14853, USA
(yw57@cornell.edu)
First Version: August, 2003
This Version: March, 2004 … employment. The model
is capable of explaining several long-standing puzzles of the business cycle
associated with inventories …, Demand Uncertainty, Business Cycle.
2
1. Introduction
Given the sheer magnitude of volatility in inventory investment and …