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0019.571665
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008150406|1997||||xxc|||||o    f|0| 0 eng|d
022 |a1701-9397
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/97-19E-PDF
1102 |aBank of Canada.
24510|aModelling the behaviour of U.S. inventories : |h[electronic resource]|ba cointegration-Euler approach / |cby Iris Claus.
260 |aOttawa - Ontario : |bBank of Canada |cNovember 1997.
300 |a33p.|bgraphs, tables
4901 |aBank of Canada working paper|x1701-9397|v97-19
500 |a"In this paper, the relative importance of the disequilibrium costs to adjustment costs of inventories is evaluated. An estimate of the rate of inventory adjustment towards its long-run equilibrium level is provided in the United States by means of a linear-quadratic model with integrated processes. A limited-information approach allows the time-series properties of the data to be exploited and consistent estimates of the structural parameters of the Euler equation obtained."--Abstract.
500 |aThe ISBN (0-662-26340-5) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication.
504 |aBibliography.
5203 |aIn this paper, the relative importance of the disequilibrium costs to adjustment costs of inventories is evaluated. An estimate of the rate of inventory adjustment towards its long-run equilibrium level is provided in the United States by means of a linear-quadratic model with integrated processes. A limited-information approach allows the time-series properties of the data to be exploited and consistent estimates of the structural parameters of the Euler equation obtained.--Abstract
546 |aRésumé en français.
590 |a11-19-Supp|b2011-09-23
7201 |aClaus, Iris
7760#|tModelling the behaviour of U.S. inventories : |w(CaOODSP)9.614180
830#0|aWorking paper (Bank of Canada)|x1701-9397|v97-19|w(CaOODSP)9.504604
85640|ahttp://publications.gc.ca|qPDF|s159 KB|uhttps://publications.gc.ca/collections/Collection/FB3-2-97-19E.pdf|y97-19