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dc.contributor.authorJunayed, Sadaquaten
dc.contributor.authorKhan, Hashmaten
dc.date.accessioned2009-09-22T11:38:52Z-
dc.date.available2009-09-22T11:38:52Z-
dc.date.issued2009-
dc.identifier.citation|aEconomics: The Open-Access, Open-Assessment E-Journal|c1864-6042|v3|h2009-34|nKiel Institute for the World Economy (IfW)|lKiel|y2009|p1-5en
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2009-34en
dc.identifier.urihttp://hdl.handle.net/10419/28005-
dc.description.abstractThe relationship between inventory investment and the real interest rate has been difficult to assess empirically. Recent work has proposed a linear-quadratic inventory model with time-varying discount factor to identify the effects of the real interest rate on inventory investment. The authors show that this framework does not separately identify the effects of real interest rate on inventory investment from variables that determine the expected marginal cost of production. In other words, the model does not deliver a testable restriction on the impact of interest rates on inventory investment. The authors highlight the consequences for both short- and long-run empirical analyses. They conclude that understanding the relationship between inventory investment and the real interest rate continues to be a theoretical and empirical challenge for macroeconomists.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.subject.jelE22en
dc.subject.ddc330en
dc.subject.keywordInventory investmenten
dc.subject.keywordreal interest rateen
dc.titleInventory investment and the real interest rate-
dc.typeArticleen
dc.identifier.ppn609229699en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifweej:200934en
econstor.citation.journaltitleEconomics: The Open-Access, Open-Assessment E-Journalen
econstor.citation.issn1864-6042en
econstor.citation.volume3en
econstor.citation.issue2009-34en
econstor.citation.publisherKiel Institute for the World Economy (IfW)en
econstor.citation.publisherplaceKielen
econstor.citation.year2009en
econstor.citation.startpage1en
econstor.citation.endpage5en

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