Modelling the behaviour of U.S. inventories : a cointegration-Euler approach / by Iris Claus.: FB3-2/97-19E-PDF
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
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| Title | Modelling the behaviour of U.S. inventories : a cointegration-Euler approach / by Iris Claus. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Other formats | Physical text-[English] |
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| Description | 33p.graphs, tables |
| ISSN | 1701-9397 |
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