资本的生产和库存行为

IF 0.2 4区经济学 Q4 ECONOMICS

Annals of Economics and Finance Pub Date : 2005-01-01 DOI:10.20955/WP.2005.044

Y. Wen

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引用次数: 0

摘要

本文建立了耐用品库存的动态优化模型，用于研究投资需求与资本品生产之间的相互作用。研究发现:第一，资本供应商的库存行为使得投资需求在均衡状态下波动更大;第二，资本均衡价格具有向下粘性;第三，资本市场对利率和其他环境变化的反应是不对称的。所有这些都是需求和供给之间均衡相互作用的结果。

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Production and inventory behavior of capital

This paper provides a dynamic optimization model of durable good inventories to study the interactions between investment demand and production of capital goods. There are three major findings: First, capital suppliers' inventory behavior makes investment demand more volatile in equilibrium; Second, equilibrium price of capital is characterized by downward stickiness; Third, the responses of the capital market to interest rate and other environmental changes are asymmetric. All are the results of equilibrium interactions between demand and supply.

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来源期刊

Annals of Economics and Finance ECONOMICS-

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： Annals of Economics and Finance (ISSN 1529-7373) sets the highest research standard for economics and finance in China. It publishes original theoretical and applied papers in all fields of economics, finance, and management. It also encourages an economic approach to political science, sociology, psychology, ethics, and history.