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Hayashi meets Kiyotaki and Moore : a theory of capital adjustment cost

Wang, Pengfei; Wen, Yi - 2010

Persistent link: https://www.econbiz.de/10008668603

Financial development and economic volatility : a unified explanation

Wang, Pengfei; Wen, Yi - 2009

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What inventories tell us about aggregate fluctuations : a tractable approach to (S,s) policies

Wang, Pengfei; Wen, Yi; Xu, Zhiwei - 2012

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Sentiments and aggregate demand fluctuations

Benhabib, Jess; Wang, Pengfei; Wen, Yi - 2012

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When do inventories destabilize the economy? : An analytical approach to (S,s) policies

Wang, Pengfei; Wen, Yi; Xu, Zhiwei - 2011

Conventional wisdom has it that inventory investment destabilizes the economy be-cause it is procyclical to sales. Khan and Thomas (2007) show that the conventional wisdom is wrong in a general equilibrium (S,s) model with capital. We argue that their finding is not robust - the conventional...

Persistent link: https://www.econbiz.de/10009008699