What Drives Business Cycle Fluctuations: Aggregate or Idiosyncratic Uncertainty Shocks?
نویسندگان
چکیده
منابع مشابه
Inventory investment and aggregate fluctuations with idiosyncratic shocks
We develop a DSGE model to explain salient empirical regularities regarding fluctuations in aggregate inventory accumulation over the business cycle while simultaneously explaining a distinct set of observations on the behavior of this series at higher frequencies. We begin with a generalized (S,s) model of inventory investment wherein firms fixed costs of ordering inputs that lead them to econ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2662327