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Inventory accelerator in general equilibrium

Wang, Peng-Fei; Wen, Yi - 2009

Persistent link: https://www.econbiz.de/10003820336

Understanding the large negative impact of oil shocks

Aguiar-Conraria, Luís (contributor); Wen, Yi (contributor) - 2005

Persistent link: https://www.econbiz.de/10003342498

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

Another look at sticky prices and output persistence

Wang, Peng-fei (contributor); Wen, Yi (contributor) - 2005

"Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New …

Persistent link: https://www.econbiz.de/10002956723

Durable good inventories and the volatility of production : explaining the less volatile U.S. economy

Wen, Yi (contributor) - 2005

"This paper provides a simple dynamic optimization model of durable goods inventories. Closed-form solutions are derived in a general equilibrium environment with imperfect information and serially correlated shocks. The model is then applied to scrutinize some popular conjectures regarding the...

Persistent link: https://www.econbiz.de/10002956727

Measuring interest rates as determined by thrift and productivity

Choi, Woon Gyu (contributor); Wen, Yi (contributor) - 2005

develop an estimation and simulation procedure to generate historical time series of interest rates. We find that the … predictions of interest rates based on a general equilibrium theory are partially consistent with US data"--Federal Reserve Bank …

Persistent link: https://www.econbiz.de/10002977395