000 01908nam##2200301za#4500
0019.614180
003CaOODSP
00520211126112847
007ta
008150406|1997||||xxc|||||     f|0| 0 eng|d
020 |a0-662-26340-5
022 |a1192-5434
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/97-19E
1102 |aBank of Canada.
24510|aModelling the behaviour of U.S. inventories : |ba Cointegration-Euler approach / |cby Iris Claus.
260 |aOttawa - Ontario : |bBank of Canada |c1997.
300 |a24p. : |bgraphs, references, tables ; |c28 cm.
4901 |aWorking paper|x1192-5434|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.
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 |aRésumés en français
563 |aSoftcover
590 |a98-01|b1998-01-02
7201 |aClaus, Iris
7760#|tModelling the behaviour of U.S. inventories : |w(CaOODSP)9.571665
830#0|aWorking paper,|x1192-5434|v97-19|w(CaOODSP)9.514622