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Author:Schiantarelli, Fabio 

Conference Paper
Financial constraints and investment: a critical review of methodological issues and international evidence

Conference Series ; [Proceedings] , Volume 39 , Pages 177-226

Working Paper
Input and output inventories in general equilibrium

We build and estimate a two-sector (goods and services) dynamic stochastic general equilibrium model with two types of inventories: materials (input) inventories facilitate the production of finished goods, while finished goods (output) inventories yield utility services. The model is estimated using Bayesian methods. The estimated model replicates the volatility and cyclicality of inventory investment and inventory-to-target ratios. Although inventories are an important element of the model's propagation mechanism, shocks to inventory efficiency or management are not an important source of ...
International Finance Discussion Papers , Paper 1004

Working Paper
Input and output inventories in general equilibrium

We build and estimate a two-sector (goods and services) dynamic stochastic general equilibrium model with two types of inventories: materials (input) inventories facilitate the production of finished goods, while finished goods (output) inventories yield utility services. The model is estimated using Bayesian methods. The estimated model replicates the volatility and cyclicality of inventory investment and inventory-to-target ratios. Although inventories are an important element of the model?s propagation mechanism, shocks to inventory efficiency or management are not an important source of ...
Working Papers , Paper 07-16

Working Paper
Productivity, welfare, and reallocation: theory and firm-level evidence

We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of welfare (even in situations where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units (industries or firms) to aggregate welfare using readily available TFP data. Based on ...
Working Papers , Paper 09-19

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Iacoviello, Matteo 2 items

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