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An empirical analysis of business cycles in a New Keynesian model with inventories
Förster, Marcel - 2014 - This version: 13 February 2014
This paper introduces inventories in an otherwise standard dynamic stochastic general equilibrium model. Firms … accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. Based … inventory dynamics has a significant impact on parameter estimates and the following analyses. We find that inventories enter …
Persistent link: https://www.econbiz.de/10010243418
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The Great Moderation : inventories, shocks or monetary policy?
Förster, Marcel - 2013
materials, for both production as well as for inventories. The more detailed treatment of inventory holdings offers new insights …
Persistent link: https://www.econbiz.de/10010208560
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Bayesian estimation of a DSGE model with inventories
Foerster, Marcel - 2011
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/10009011974
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The Great Moderation: Inventories, shocks or monetary policy?
Förster, Marcel - 2013
materials, for both production as well as for inventories. The more detailed treatment of inventory holdings offers new insights …
Persistent link: https://www.econbiz.de/10010333480
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An empirical analysis of business cycles in a New Keynesian model with inventories
Förster, Marcel - 2014
This paper introduces inventories in an otherwise standard dynamic stochastic general equilibrium model. Firms … accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. Based … inventory dynamics has a significant impact on parameter estimates and the following analyses. We find that inventories enter …
Persistent link: https://www.econbiz.de/10010335877
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An Empirical Analysis of Business Cycles in a New Keynesian Model with Inventories
Förster, Marcel - Volkswirtschaft Abteilung, Fachbereich … - 2014
This paper introduces inventories in an otherwise standard dynamic stochastic general equilibrium model. Firms … accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. Based … inventory dynamics has a significant impact on parameter estimates and the following analyses. We find that inventories enter …
Persistent link: https://www.econbiz.de/10010744549
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The Great Moderation: Inventories, Shocks or Monetary Policy?
Förster, Marcel - Volkswirtschaft Abteilung, Fachbereich … - 2013
materials, for both production as well as for inventories. The more detailed treatment of inventory holdings offers new insights …
Persistent link: https://www.econbiz.de/10010720419
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Endogenous firm entry in an estimated model of the US business cycle - updated version
Offick, Sven; Winkler, Roland - 2015
A recent theoretical literature highlights the role of endogenous firm entry as an internal amplification mechanism of business cycle fluctuations. The amplification mechanism works through the competition and the variety effect. This paper tests the significance of this amplification mechanism,...
Persistent link: https://www.econbiz.de/10011390479
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News shocks under financial frictions
Görtz, Christoph; Tsoukalas, John D.; Zanetti, Francesco - 2020
We examine the dynamic effects and empirical role of TFP news shocks in the context of frictions in financial markets. We document two new facts using VAR methods. First, a (positive) shock to future TFP generates a significant decline in various credit spread indicators considered in the...
Persistent link: https://www.econbiz.de/10012373126
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Endogenous firm entry in an estimated model of the US business cycle
Offick, Sven; Winkler, Roland - 2014
A recent theoretical literature highlights the role of endogenous firm entry as an internal amplification mechanism of business cycle fluctuations. The amplification mechanism works through the competition and the variety effect. This paper tests the significance of this amplification mechanism,...
Persistent link: https://www.econbiz.de/10010233105