Demand uncertainty, inventory and business cycles
This paper introduces demand uncertainty and inventory into a dynamic stochastic general equilibrium model. We assume that firms must predict demand before production. The purpose of this study is to investigate the effects of several exogenous shocks on the model economy in our settings. A numeric...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2014-10-01
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| Series: | Journal of Business Economics and Management |
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| Online Access: | https://journals.vgtu.lt/index.php/JBEM/article/view/3040 |