Growth cycles

Article Abstract:

A rational expectations growth cycle model that factors in monopolistic competition and and complementarity is developed. An evaluation of the model reveals that expectational indeterminacy between low growth and high growth cycles is determined by monopolistic competition and complementarity between different types of capital goods needing neither externalities nor increasing returns to scale.

Economics, Research and Development in the Social Sciences and Humanities, Economic development, Equilibrium (Economics)

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International business cycles: world, region and country-specific factors

Article Abstract:

Common dynamic properties of business-cycle fluctuations are examined across countries, regions and the world using Bayesian analysis. It is concluded that the region-specific factors have minor effect on fluctuations in economic activity.

Virginia, Washington, DC, Bayesian statistical decision theory, Bayesian analysis, Washington, D.C., Global economy

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Markups, aggregation, and inventory adjustment

Article Abstract:

An econometric model for inventory management is presented. The object is to ensure that there are no stockouts and the price markups change according to the business cycle.

United States, Inventory Control, Methods, Markup, Econometric models

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