Download or read book The Role of Inventories in Business Cycles written by Moses Abramovitz and published by . This book was released on 1948 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Role of Inventory Changes During Expansion and Contraction written by United States. Congress. Joint Economic Committee and published by . This book was released on 1962 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inventories and the Business Cycle written by Clarence L. Barber and published by . This book was released on 1958 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inventories and the Business Cycle written by Clarence L. Barber and published by University of Toronto Press. This book was released on 1958-12-15 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study falls into two parts. Part I contains a theoretical analysis of the relation of inventories and inventory fluctuations to the business cycle. It begins with a brief survey of the treatment of inventories in the literature of business cycles. Then a theoretical model of the economic system is developed as a basis for judging the nature and importance of inventory fluctuations in the economy. Part II is a study of inventory fluctuations in Canada over the period from 1918 to 1950 and provides some inductive verification of the preceding theoretical argument. The behaviour of inventories in ten important manufacturing industries is analysed in detail. This part also contains analysis of the movement of total inventories and of the behaviour of inventories in the main industrial subdivisions of the economy. Finally a brief chapter relates these findings to the theoretical analysis of Part I. Canadian Studies in Economics, No. 10.

Download or read book Postwar Cycles in Manufacturers Inventories written by Thomas M. Stanback (Jr.) and published by . This book was released on 1962 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study deals principally with the behaviour of manufactures' stocks-the principal component of nonfarm inventories-since the end of World War II.

Download or read book Inventory Business Cycles and Monetary Transmission written by Riccardo Fiorito and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventory changes constitute in all countries a small fraction of the Gross National Product but also a major source or an indicator of cyclical fluctuations. In this volume both possible ways of propagation are investigated by examining in the first part what macroeconomists have learned and still have to learn about inventories in the light of statistical definitions and problems. In the second part, the role of monetary shocks in propagating business cycles is considered through liquidity effects and in relation to inventory adjustment. A possible linkage between inventory and labor market is shown. Finally, new evidence and theoretical insights are provided on the linear-quadratic inventory model and its ability to discriminate econometrically among competing firm behavior.

Download or read book Inventories and the Role of Goods market Frictions for Business Cycles written by Wouter J. Den Haan and published by . This book was released on 2013 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in inventories is known to be important for observed changes in GDP. However, inventory investment and the possibility that firms may fail to sell all goods are typically ignored in business cycle models. Using US data, the ability to sell is shown to be strongly procyclical. By including both a goods-market friction and a standard labor-market search friction, the model developed here can -- in principal -- substantially magnify and propagate shocks, even when prices and wages are not sticky. Despite its simplicity, the model can also replicate key inventory facts. However, when these inventory facts are used to discipline the choice of parameter values, then the analysis indicates that the quantitative importance of goods-market frictions is not that large, at least not in this type of model without sticky prices and wages.

Download or read book Inventory Fluctuations and Economic Stabilization written by and published by . This book was released on 1961 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inventory Fluctuations and Economic Stabilization written by United States. Congress. Joint Economic Committee and published by . This book was released on 1962 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inventories and the Role of Goods market Frictions for Business Cycles written by Wouter den Haan and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in inventories is known to be important for observed changes in GDP. However, inventory investment and the possibility that firms may fail to sell all goods are typically ignored in business cycle models. Using US data, the ability to sell is shown to be strongly procyclical. By including both a goods-market friction and a standard labor-market search friction, the model developed here can--in principal--substantially magnify and propagate shocks, even when prices and wages are not sticky. Despite its simplicity, the model can also replicate key inventory facts. However, when these inventory facts are used to discipline the choice of parameter values, then the analysis indicates that the quantitative importance of goods-market frictions is not that large, at least not in this type of model without sticky prices and wages.

Download or read book Inventory Fluctuations and Economic Stabilization Inventory fluctuations and economic instability written by United States. Congress. Joint Economic Committee and published by . This book was released on 1961 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inventories and Business Cycles written by Moses Abramovitz and published by . This book was released on 1950 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inventory Fluctuations and Economic Stabilization written by United States. Congress. Joint Economic Committee and published by . This book was released on 1962 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book What Inventory Behavior Tells Us About How Business Cycles Have Changed written by Thomas Lubik and published by . This book was released on 2014 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning in the mid-1980s, the nature of U.S. business cycles changed in important ways, as made evident by distinctive shifts in the comovement and relative volatilities of key economic aggregates. These include labor productivity, hours, output, and inventories. Unlike the widely documented change in absolute volatility over that period, known as the Great Moderation, these shifts in comovement and relative volatilities persist into the Great Recession. To understand these changes, we exploit the fact that inventory data are informative about sources of business cycles. Specifically, they provide additional information relative to aggregate investment regarding firms' intertemporal decisions. In this paper, we show that the "investment wedge" estimated with inventories, unlike previous measures, correlates well with established independent measures of credit market frictions. Furthermore, contrary to previous findings, our generalized investment wedge informed by inventory behavior plays a key role in explaining the shifts in U.S. business cycles observed after the mid-1980s.

Download or read book Inventory Fluctuations and Economic Stabilization written by United States. Congress. Joint Economic Committee and published by . This book was released on 1962 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inventories and the Business Cycle written by Aubhik Khan and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop an equilibrium business cycle model in which the producers of final goods pursue generalized (S,s) inventory policies with respect to intermediate goods, a consequence of nonconvex factor adjustment costs. Calibrating our model to reproduce the average inventory-to-sales ratio in postwar U.S. data, we find that it explains over half of the cyclical variability of inventory investment. Moreover, inventory accumulation is strongly procyclical, and production is more volatile than sales, as in the data. The comovement between inventory investment and final sales is often interpreted as evidence that inventories amplify aggregate fluctuations. In contrast, our model economy exhibits a business cycle similar to that of a comparable benchmark without inventories, though we do observe somewhat higher variability in employment, and lower variability in consumption and investment. Thus, equilibrium analysis, which necessarily endogenizes final sales, alters our understanding of the role of inventory accumulation for cyclical movements in GDP. The presence of inventories does not substantially raise the variability of production, because it dampens movements in final sales. Similarly, when reductions in adjustment costs lower, but do not eliminate, average inventory holdings, the variability of GDP is essentially unchanged, because the reduced costs cause an o.setting rise in the variability of final sales.

Download or read book What Inventory Behavior Tells Us about Business Cycles written by Mark Bils and published by . This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manufacturers' finished goods inventories move less than shipments over the business cycle. We argue that this requires marginal cost to be more procyclical than is conventionally measured. We construct, for six manufacturing industries, alternative measures of marginal cost that attribute high-frequency productivity shocks to procyclical work effort, and find that they are much more successful in accounting for inventory behavior. The difference is attributable to cyclicality in the shadow price of labor, not to diminishing returns in fact, parametric evidence suggests that the short-run slope of marginal cost is close to zero for five of the six industries. Moreover, while our measures of marginal cost are procyclical relative to output price, they are too persistent for intertemporal substitution to be important. We conclude that countercyclical markups are chiefly responsible for the sluggish response of inventory stocks over the cycle