evidence that inventories amplify aggregate fluctuations. However, the authors' model economy exhibits a business cycle similar … to that of a comparable benchmark without inventories. …

We search for useful models of aggregate fluctuations with inventories. We focus exclusively on dynamic stochastic … performance gauged by its ability to explain the observed magnitude of inventories in the U.S. economy, alongside other empirical …,s) model is far more consistent with the behavior of aggregate inventories in the postwar U.S. when aggregate fluctuations …

This article studies inventories and monetary policy by estimating VAR models. The complex roots detected in our … production and inventories follow damped oscillations (stable sine curves), implying that a boom is the seed of the following … inventories, while booms after positive supply shocks are short-lived as the initial accumulation of inventories suppresses …

-founded general equilibrium framework. Moreover, as a by-product, the production chain causes the slow adjustment of inventories in …