We build and estimate a two-sector (goods and services) dynamic stochastic general equilibrium model with two types of inventories: materials (input) inventorie

"This paper develops an analytically tractable general equilibrium model of inventory dynamics. Inventories are introduced into a standard RBC model through a p

"This paper provides a general equilibrium multi-stage production model to explain the co-existence and co-movement of output- and input-inventories. The model