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Production and inventory behavior of capital

Wen, Yi - Federal Reserve Bank of St. Louis - 2005

This paper provides a dynamic optimization model of durable good inventories to study the interactions between investment demand and production of capital goods. There are three major findings: First, capital suppliers' inventory behavior makes investment demand more volatile in equilibrium;...

Persistent link: https://www.econbiz.de/10005490954

The multiplier: a general equilibrium analysis of multi-stage-fabrication economy with inventories

Wen, Yi - Federal Reserve Bank of St. Louis - 2005

This paper provides a general equilibrium multi-stage production model to explain the co-existence and co-movement of output- and input-inventories. The model offers a neoclassical perspective on the propagation mechanism of demand uncertainty. It reveals that uncertainty in demand at downstream...

Persistent link: https://www.econbiz.de/10005352962

The cost of business cycles with heterogeneous trading technologies

Chien, YiLi - Federal Reserve Bank of St. Louis - 2014

technologies. In an economy with aggregate risk, the different portfolio choices induced by heterogeneous trading technologies lead … with a reasonable low risk aversion rate, the business cycle costs 6.49% per period consumption for an average household … when I calibrate this model to match the risk premium. …

Persistent link: https://www.econbiz.de/10010798471

Can risk explain the profitability of technical trading in currency markets?

Neely, Christopher; Ivanova, Yuliya; Rapach, David E.; … - Federal Reserve Bank of St. Louis - 2014

returns over long periods of time. However, the approach to risk adjustment has typically been rather cursory, and has tended …

Persistent link: https://www.econbiz.de/10011027337

Financial risk : theory, evidence and implications ; proceedings of the 11th annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Stone, Courtenay C. (contributor) - 1989

Persistent link: https://www.econbiz.de/10000769878

Financial risk: theory, evidence and implications : proceedings of the eleventh Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Stone, Courtenay C. (ed.) - 1989

Persistent link: https://www.econbiz.de/10000139958

Money, liquidity and welfare

Wen, 文一 - Federal Reserve Bank of St. Louis - 2014

welfare costs of inflation arise because inflation increases consumption risk by eroding the buffer-stock-insurance value of … money, thus hindering consumption smoothing at the household level. Such an inflation-induced increase in consumption risk …

Persistent link: https://www.econbiz.de/10010739561

Commitment as investment under uncertainty

Ritter, Joseph A.; Haubrich, Joseph H. - Federal Reserve Bank of St. Louis - 1996

Irreversible investment and the techniques associated with pricing real options have led to significant advances many areas. We broaden this range of applications, showing how the techniques can apply to many policy problems in finance, macroeconomics, and trade policy. With small changes,...

Persistent link: https://www.econbiz.de/10005490978

Whither investment?

Poole, William - Federal Reserve Bank of St. Louis - 2003

Presentation to the Missouri Valley Economics Association, St. Louis, MO - Feb. 28, 2003

Persistent link: https://www.econbiz.de/10005420436

Whither investment?

Poole, William - Federal Reserve Bank of St. Louis - 2003

Presentation to the Missouri Valley Economics Association, St. Louis, MO - Feb. 28, 2003

Persistent link: https://www.econbiz.de/10011185121