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With the widespread application of inventory control Systems in industry and trade and a fast growing Services sector the influence of inventory changes on the business sector should become less important over time. However, the empirical eyidence for Germany in the period 1970-1994 shows that...
Persistent link: https://www.econbiz.de/10010275352
: in response to news about future increases in TFP, inventories rise and comove positively with other major macroeconomic … when extended to include inventories. To explain the empirical inventory behavior, we therefore develop a framework that …
Persistent link: https://www.econbiz.de/10012214195
inventories: materials (input) inventories facilitate the production of finished goods, while finished goods (output) inventories … cyclicality of inventory investment and inventory-to-target ratios. Although inventories are an important element of the model … parameters associated with inventories play a minor role in reducing the volatility of output. …
Persistent link: https://www.econbiz.de/10010280924
This paper introduces inventories in an otherwise standard Dynamic Stochastic General Equilibrium Model (DSGE) of the … business cycle. Firms accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of … intermediate goods. The paper's main contribution is to present a DSGE model with inventories that is estimated using Bayesian …
Persistent link: https://www.econbiz.de/10010281471
Persistent link: https://www.econbiz.de/10005423337
Persistent link: https://www.econbiz.de/10005423418
Persistent link: https://www.econbiz.de/10005423445
This paper examines the adjustment of inventories by firms in the UK and Spain. A widely-held view—but one which has … not found much support in previous studies of inventories— is that a key channel for monetary policy is through … with borrowing costs on inventories are estimated. Financial effects associated with liquidity and the borrowing ratio are …
Persistent link: https://www.econbiz.de/10004980999
We build and estimate a two-sector (goods and services) dynamic general equilibrium model with two types of inventories …: finished goods (output) inventories yield utility services while materials (input) inventories facilitate the production of … structural parameters associated with inventories, play a minor role in the reduction of the volatility of output. …
Persistent link: https://www.econbiz.de/10005102661
With the widespread application of inventory control Systems in industry and trade and a fast growing Services sector the influence of inventory changes on the business sector should become less important over time. However, the empirical eyidence for Germany in the period 1970-1994 shows that...
Persistent link: https://www.econbiz.de/10009277724