Modelling the behaviour of U.S. inventories : a Cointegration-Euler approach / by Iris Claus. : FB3-2/97-19E
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
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.614180&sl=1
Ministère/Organisme | Bank of Canada. |
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Titre | Modelling the behaviour of U.S. inventories : a Cointegration-Euler approach / by Iris Claus. |
Titre de la série | Working paper1192-543497-19 |
Type de publication | Série - Voir l'enregistrement principal |
Langue | [Anglais] |
Format | Papier |
Autres formats offerts | Électronique-[Anglais] |
Note(s) | "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. Résumés en français |
Information sur la publication | Ottawa - Ontario : Bank of Canada 1997. |
Reliure | Softcover |
Description | 24p. : graphs, references, tables ; 28 cm. |
ISBN | 0-662-26340-5 |
ISSN | 1192-5434 |
Numéro de catalogue |
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