کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5098321 1478692 2015 59 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Inventory behavior with permanent sales shocks
ترجمه فارسی عنوان
رفتار موجودی با شوک فروش دائمی
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
چکیده انگلیسی
Empirically, ADF tests fail to reject the null hypothesis that sales are I(1). We build a model of inventory behavior that incorporates permanent sales shocks. Analytically, the model with I(1) sales implies that the variance ratio (of log production to log sales) is one in the long run, regardless of the strength of production smoothing, stockout avoidance, or cost shocks, but that, at business cycle horizons, the conditional variance ratio (conditional on past production and sales) is greater than one. We explain - analytically, using our model, and intuitively - four traditional inventory puzzles and three puzzles about inventories and monetary policy.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 53, April 2015, Pages 290-313
نویسندگان
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