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Titlebook: Inventory, Business Cycles and Monetary Transmission; Riccardo Fiorito Conference proceedings 1994 Springer-Verlag Berlin Heidelberg 1994

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发表于 2025-3-21 19:14:47 | 显示全部楼层 |阅读模式
书目名称Inventory, Business Cycles and Monetary Transmission
编辑Riccardo Fiorito
视频video
丛书名称Lecture Notes in Economics and Mathematical Systems
图书封面Titlebook: Inventory, Business Cycles and Monetary Transmission;  Riccardo Fiorito Conference proceedings 1994 Springer-Verlag Berlin Heidelberg 1994
描述Inventory changes constitute in all countries a small fraction of the Gross National Product but also a major source or an indicator of cyclical fluctuations. In this volume both possible ways of propagation are investigated by examining in the first part what macroeconomists have learned and still have to learn about inventories in the light of statistical definitions and problems. In the second part, the role of monetary shocks in propagating business cycles is considered through liquidity effects and in relation to inventory adjustment. A possible linkage between inventory and labor market is shown. Finally, new evidence and theoretical insights are provided on the linear-quadratic inventory model and its ability to discriminate econometrically among competing firm behavior.
出版日期Conference proceedings 1994
关键词Geld; Geldpolitik; Inventory; Konjunkturzyklen; Lagerhaltung; business cycle; econometrics; economics; liqui
版次1
doihttps://doi.org/10.1007/978-3-642-46806-3
isbn_softcover978-3-540-57984-7
isbn_ebook978-3-642-46806-3Series ISSN 0075-8442 Series E-ISSN 2196-9957
issn_series 0075-8442
copyrightSpringer-Verlag Berlin Heidelberg 1994
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Macroeconomic Policies and the Inventory Cycleicy, using the nominal interest rate as an instrument, can stabilize the economy along an efficient path, if it is backed by a fiscal policy in order to neutralize the impact of interest rate changes on the level of government debt.
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Inventory Fluctuations and Macroeconomics of researchers to consider factors that may lead firms to respond to unexpected shifts in demand by adjusting price, production schedules, advertising expenditure, and order backlogs rather than having inventory investment buffer the shock.
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Modeling the Liquidity Effect of a Money Shock assumption which can increase the strength of the liquidity effect associated with a monetary shock. I use a series of numerical examples to build intuition about the conditions under which the Lucas-Fuerst assumption can successfully reconcile existing money models with the facts.
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Some Evidence on the Finite Sample Behavior of an Instrumental Variables Estimator of the Linear Quadicts a wide dispersion of parameter estimates, with a substantial finite sample probability of incorrectly signed estimates. Simulations indicate that the asymptotic theory usually but not always provides a good approximation to the finite sample distribution.
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On a Test by K.D. Westriance-stationary exogenous or endogenous state variables, or a zero initial value for the endogenous state variable. The paper also extends the new test’s application to nonlinear rational expectations models.
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