The American Economic Review, Volume 97American Economic Association., 2007 |
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Página 1182
We have shown here that our model's central trade - off between inventory investment and final sales arises because gradual capital accumula- tion slows changes in intermediate goods pro- duction . We argue that this result would remain ...
We have shown here that our model's central trade - off between inventory investment and final sales arises because gradual capital accumula- tion slows changes in intermediate goods pro- duction . We argue that this result would remain ...
Página 1186
... inventory investment because it abstracts from stage - of - completion distinctions across stocks held in the actual economy . As our inventories represent stocks of an intermediate good , we have calibrated the share parameter ...
... inventory investment because it abstracts from stage - of - completion distinctions across stocks held in the actual economy . As our inventories represent stocks of an intermediate good , we have calibrated the share parameter ...
Página 1187
... inventory investment in our model , general equilibrium is central to the trade - off between inventory investment and final sales . This suggests that the development of equilibrium models with differ- ent motives for inventories may ...
... inventory investment in our model , general equilibrium is central to the trade - off between inventory investment and final sales . This suggests that the development of equilibrium models with differ- ent motives for inventories may ...
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EDMUND S PHELPS | 541 |
O 2 0 2007 | 713 |
ALMA COHEN AND LIRAN EINAV | 745 |
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agents aggregate American Economic Review analysis assets assume assumption average behavior benchmark Beveridge curve business cycles candidates capital changes choice coefficient cointegration consumer consumption contracts correlation cost of business countercyclical deductible degree distributions distribution durables effect empirical equation equilibrium estimated exchange expected Figure firms function given growth HIP model households implies impulse responses income increase individuals inflation inventory investment investment rate Journal of Economics labor market loss aversion marginal likelihood matching Matthew Rabin ment Michael Woodford monetary policy nodes nomic observed optimal output pairs paper parameters patients percent policy shock post.com preferences procyclical production Proposition random regime relative response risk aversion sample Section sector Shapley value side payments simulations sticky prices stochastic Table theory tion tradable unemployment utility variables variance volatility vouchers wage workers Yangzi Delta