Estimation of dynamic labor demand schedules under rational expectations

TL;DR: In this article, a dynamic rational expectations equilibrium model of inventories of finished goods and employment of labor is proposed, which is based on the view that the primary role of inventory is to act as a buffer stock in the face of fluctuating demand.

TL;DR: Cooper et al. as discussed by the authors argue that these reported aggregate nonlinearities may be the consequence of mismeasurement of the gap rather than nonlinearity in plant-level adjustment.

TL;DR: In this paper, the authors investigated the role of adjustment costs and indivisibility of labor in the employment stickiness of manufacturing firms with less than 75 employees and found that indiviability becomes an important source of stickiness.

TL;DR: In this article, it is shown that the cross spectrum between two variables can be decomposed into two parts, each relating to a single causal arm of a feedback situation, and measures of causal lag and causal strength can then be constructed.

TL;DR: In this article, the authors provide an excellent introduction to feedback control system design, including a theoretical approach that captures the essential issues and can be applied to a wide range of practical problems.

TL;DR: In this paper, the relative fixity of capital is introduced explicitly into the formulation of the firm's maximum problem and used this formulation to obtain a precise definition of the industry's "short run" and "long run" equilibrium posi-