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Inventory accelerator in general equilibrium

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Inflation-gap persistence in the US

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

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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...

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Interest rate dynamics, variable-rate loan contracts, and the business cycle

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Understanding the Great Recession

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