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Production and inventory behavior of capital
Content Provider | Library of Congress - Books/Printed Material |
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Author | Wen, Yi. |
Temporal Coverage | 2005 |
Abstract | "This paper provides a dynamic optimization model of durable good inventories to study the interactions between investment demand and production of capital goods. There are three major findings: First, capital suppliers' inventory behavior makes investment demand more volatile in equilibrium; Second, equilibrium price of capital is characterized by downward stickiness; Third, the responses of the capital market to interest rate and other environmental changes are asymmetric. All are the results of equilibrium interactions between demand and supply"--Federal Reserve Bank of St. Louis web site. |
Language | English |
Publisher | Federal Reserve Bank of St. Louis, |
Publisher Place | St. Louis, Mo. |
Part of Series | Catalog |
Requires | HTML5 supported browser |
Access Restriction | Open |
Subject Keyword | Capital Investments Supply and Demand |
Subject Domain (in LCSH) | Supply and demand |
Subject Domain (in LCSH) | Capital investments |
Subject Domain (in LCC) | HB1 |
Content Type | Text |
Resource Type | Book |