INPUT AND OUTPUT INVENTORIES IN GENERAL EQUILIBRIUM

We build and estimate a two-sector dynamic stochastic general equilibrium model with two types of inventories: Input inventories facilitate the production of finished goods, output inventories yield utility services. The estimated model replicates the volatility and cyclically of inventory investmen...

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Veröffentlicht in:	International economic review (Philadelphia) 2011-11, Vol.52 (4), p.1179-1213
Hauptverfasser:	Iacoviello, Matteo, Schiantarelli, Fabio, Schuh, Scott
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Depreciation rates Economic fluctuations Economic models Fixed capital General economic equilibrium Gross domestic product Input output analysis Inventories Inventory Inventory control Investment goods Investment inventories Parametric models Production Steady state economies Stochastic models Studies Volatility
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