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Cross-border production chains and business cycle co-movement between Central and Eastern European countries and euro area member states
Iossifov, Plamen - 2014
changes in inventories. We then present evidence of the importance of cross border production chains for the economies of CEE …
Persistent link: https://www.econbiz.de/10011605673
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Production smoothing and the shape of the cost function
Galeotti, Marzio; Guiso, Luigi; Sack, Brian; … - 1997
We present estimates of inventory models based on firm level panel data and investigate whether over-simplified specification of the production technology may account for the frequent failure to find technological incentives to smooth production in the context of the standard linear-quadratic...
Persistent link: https://www.econbiz.de/10011608286
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Inventories, employment and hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …
Persistent link: https://www.econbiz.de/10011335689
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Adjustment Costs, Inventories and Output
Danziger, Leif - 2007
This paper analyzes the optimal adjustment strategy of an inventory-holding firm facing price- and quantity-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be costlessly adjusted, and the later model that includes...
Persistent link: https://www.econbiz.de/10010260580
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Back to Keynes?
van der Ploeg, Frederick - 2005
predict a pro-cyclical real wage in the face of demand shocks, the absence of inventories, credit constraints and bankruptcies …
Persistent link: https://www.econbiz.de/10010261154
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Inventories, Employment and Hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …
Persistent link: https://www.econbiz.de/10010262792
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The Microeconomics of Macroeconomic Asymmetries : Sectoral Driving Forces and Firm Level Characteristics
Korenok, Oleg; Mizrach, Bruce; Radchenko, Stanislav - 2004
There is now considerable evidence that business cycle variation in output and employment in the U.S. differs in expansions and contractions. We present nonparametric evidence that asymmetries are strongest in durable goods manufacturing. In a Markov switching framework, we find two leading...
Persistent link: https://www.econbiz.de/10010263225
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Adjustment costs, inventories and output
Danziger, Leif - 2008
This paper analyzes the optimal adjustment strategy of an inventory-holding firm facing price- and quantity-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be costlessly adjusted, and the later model that includes...
Persistent link: https://www.econbiz.de/10010264322
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Interest rates and the market for new light vehicles
Copeland, Adam; Hall, George J.; Maccini, Louis J. - 2015
cost of holding inventories. Both channels have equilibrium effects that are amplified and propagated over time through … inventories, which serve as a way to both smooth production and facilitate greater sales at a given price. Through the estimation … played by inventories. A temporary 100 basis point increase in both interest rates causes vehicle production to fall 12 …
Persistent link: https://www.econbiz.de/10011460625
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Inventories, employment and hours
Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002
-logarithmic form and derive an estimable system of Euler equations for inventories and employment with implied cross …
Persistent link: https://www.econbiz.de/10010293442