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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/53780
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Kryvtsov, Oleksiy | | en_US |
| dc.contributor.author | | Midrigan, Virgiliu | | en_US |
| dc.date.accessioned | | 2011-12-15T12:55:45Z | | - |
| dc.date.available | | 2011-12-15T12:55:45Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/53780 | | - |
| dc.description.abstract | | Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stock-outs. This paper extends their analysis to a richer setting that is capable of more closely accounting for the dynamics of the US business cycle. We find that the original conclusion survives in this setting: namely, the model requires an elasticity of real marginal cost to output approximately equal to the inverse intertemporal elasticity of substitution in consumption in order to account for the countercyclicality of the aggregate inventory-to-sales ratio in the data. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Bank of Canada Ottawa | | en_US |
| dc.relation.ispartofseries | | Bank of Canada Working Paper 2009,9 | | en_US |
| dc.subject.jel | | E31 | | en_US |
| dc.subject.jel | | F12 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Business fluctuations and cycles | | en_US |
| dc.subject.keyword | | Transmission of monetary policy | | en_US |
| dc.subject.stw | | Konjunktur | | en_US |
| dc.subject.stw | | Geldpolitik | | en_US |
| dc.subject.stw | | Betriebliche Preispolitik | | en_US |
| dc.subject.stw | | Preisrigidität | | en_US |
| dc.subject.stw | | Lagermanagement | | en_US |
| dc.subject.stw | | Neukeynesianische Makroökonomik | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | Inventories and real rigidities in new Keynesian business cycle models | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 597606196 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Bank of Canada Working Papers
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