DEMAND UNCERTAINTY, INVENTORY AND BUSINESS CYCLES
نویسندگان
چکیده
منابع مشابه
Imperfect Demand Expectations and Endogenous Business Cycles
Optimal growth models aim at explaining long run trends of growth under the strong assumption of full efficiency in the allocation of resources. As a result, the steady state time paths of the main economic aggregates reflect constant, exogenous or endogenous, growth. To introduce business cycles in this optimality structure one has to consider some source of inefficiency. By assuming that firm...
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ژورنال
عنوان ژورنال: Journal of Business Economics and Management
سال: 2014
ISSN: 1611-1699,2029-4433
DOI: 10.3846/16111699.2014.953569