Money and inventories in an economy with uncertain and sequential trade

Journal of Monetary Economics

Volumn 37, Issue 3, 1996, Pages 445-459

  Bental, Benjamin ^a   Eden, Benjamin ^b,c  

^a TECHNION ISRAEL INSTITUTE OF TECHNOLOGY   (Israel)

^b UNIVERSITY OF HAIFA   (Israel)

^c The Bank of Israel   (Israel)

Author keywords

Inventories; Money; Neutrality; Sequential trade

Indexed keywords

EID: 0030161101     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/0304-3932(96)01263-9     Document Type: Article

References (13)

1. Bental, Benjamin and Benjamin Eden, 1993, Inventories in a competitive environment, Journal of Political Economy 101, 863-886.
2. Bental, Benjamin and Benjamin Eden, 1995, Money and inventories in an economy with uncertain and sequential trade, Paper presented at the Lucas Anniversary Conference, Minneapolis, May.
3. Blinder, Alan, S. and Stanley Fischer, 1981, Inventories, rational expectations, and the business cycle, Journal of Monetary Economics 8, 277-304.
4. Butters, G., 1977, Equilibrium distribution of sales and advertising prices, Review of Economic Studies 44, 467-491.
5. Gertler, Mark and Simon Gilchrist, 1994, Monetary policy, business cycles and the behavior of small manufacturing firms, Quarterly Journal of Economics CIX, 309-340.
6. Eden, Benjamin, 1990, Marginal cost pricing when spot markets are complete, Journal of Political Economy 98, 1293-1306.
7. Eden, Benjamin, 1994, The adjustment of prices to monetary shocks when trade is uncertain and sequential, Journal of Political Economy 102, 493-509.
8. Eden, Benjamin and Joel Horowitz, 1994, Inventories in a competitive environment: An empirical study of a housing market, Working paper 94-14 (University of Iowa, Iowa City, IA).
9. Lucas, Robert E., Jr., 1972, Expectations and the neutrality of money, Journal of Economic Theory 4, 103-124.
10. Lucas, Robert E., Jr., 1980, Equilibrium in a pure currency economy, in: John H. Karaken and Neil Wallace, eds., Models of monetary economies (Federal Reserve Bank of Minneapolis, Minneapolis, MN).
11. Lucas, Robert E., Jr., 1995, Monetary neutrality (The Nobel Foundation, Stockholm).
12. Lucas, Robert E., Jr. and Michael Woodford, 1994, Real effects of monetary shocks in an economy with sequential purchases, Preliminary draft (University of Chicago, Chicago, IL).
13. Prescott, Edward C., 1975, Efficiency of the natural rate, Journal of Political Economy 83, 1229-1236.