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What Inventory Behavior Tells Us About How Business Cycles Have Changed

Lubik, Thomas A.; Sarte, Pierre-Daniel G.; Schwartzman, … - Federal Reserve Bank of Richmond - 2014

, output, and inventories. Unlike the widely documented change in absolute volatility over that period, known as the Great … "investment wedge" estimated with inventories, unlike previous measures, correlates well with established independent measures of …

Persistent link: https://www.econbiz.de/10010758361

(S,s) Inventory policies in general equilibrium

Fisher, Jonas D.M.; Hornstein, Andreas - Federal Reserve Bank of Richmond - 1998

We study the aggregate implications of (S,s) inventory policies in a dynamic general equilibrium model with aggregate uncertainty. Firms in the model's retail sector face idiosyncratic demand risk, and (S,s) inventory policies are optimal because of fixed order costs. The distribution of...

Persistent link: https://www.econbiz.de/10004994034

Staggered prices and inventories: production smoothing reconsidered

Hornstein, Andreas; Sarte, Pierre-Daniel - Federal Reserve Bank of Richmond - 1998

Persistent link: https://www.econbiz.de/10005387443

Sticky prices and inventories : production smoothing reconsidered

Hornstein, Andreas; Sarte, Pierre-Daniel - Federal Reserve Bank of Richmond - 2001

Persistent link: https://www.econbiz.de/10005717283