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  1. Macroeconomic dynamics and the role of market power
    the case of Italy
    Published: [2021]
    Publisher:  Università degli studi di Trento, Dipartimento di economia e management, [Trento]

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 740
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: DEM working papers ; n. 2021, 17
    Subjects: labour share; market power; markup; investment; inequality
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  2. Deep dynamics
    Published: February 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63
    No inter-library loan

     

    How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of convex adjustment costs and implementation lags explains input adjustmentvery well. Although inputs adjust slowly, production responds quickly to the demand shock andthis adjustment is explained by a combination of increasing returns and increased utilization ofthe production factors. To avoid stock-outs, firms increase their inventories when demandincreases.

     

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/232470
    Series: CESifo working paper ; no. 8873 (2021)
    Subjects: production function; productivity; Solow residual; labor hoarding; effort; organizational capital; capacity; returns to scale; markup; inventory investment
    Scope: 1 Online-Ressource (circa 73 Seiten), Illustrationen