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  1. Durable good inventories and the volatility of production
    explaining the less volatile U.S. economy
    Published: June 2005

    "This paper provides a simple dynamic optimization model of durable goods inventories. Closed-form solutions are derived in a general equilibrium environment with imperfect information and serially correlated shocks. The model is then applied to... more

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Inter-library loan:
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 826 (2005.047)
    Inter-library loan:
    No inter-library loan

     

    "This paper provides a simple dynamic optimization model of durable goods inventories. Closed-form solutions are derived in a general equilibrium environment with imperfect information and serially correlated shocks. The model is then applied to scrutinize some popular conjectures regarding the causes of the volatility reduction of GDP since 1984"--Federal Reserve Bank of St. Louis web site

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Federal Reserve Bank of St. Louis ; 2005,047
    Subjects: Dauerhafte Konsumgüter; Bruttoinlandsprodukt; Konjunktur; Lagerhaltungsmodell; Dynamische Optimierung; Theorie; USA; Inventories; Industrial productivity; Durable goods
    Scope: Online-Ressource, 24 p., text
    Notes:

    Includes bibliographical references