Evaluating the german inventory cycle - using data from the IFO business survey: presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003
Inventory fluctuations are an important phenomenon in business cycles. However, the preliminary data on inventory investment as published in the German national accounts are tremendously prone to revision and therefore ill-equipped to diagnose the current stance of the inventory cycle. The Ifo busin...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Munich
CES
2004
Munich Ifo |
| Schriftenreihe: | CESifo working papers
1202 : Category 5, Fiscal policy, macroeconomics and growth |
| Schlagworte: | |
| Zusammenfassung: | Inventory fluctuations are an important phenomenon in business cycles. However, the preliminary data on inventory investment as published in the German national accounts are tremendously prone to revision and therefore ill-equipped to diagnose the current stance of the inventory cycle. The Ifo business survey contains information on the assessments of inventory stocks in manufacturing as well as in retail and wholesale trade. Static factor analysis and a method building on canonical correlations are applied to construct a composite index of inventory fluctuations. Based on recursive estimates, the different variants are assessed as regards the stability of the weighting schemes and the ability to forecast the trueʺ inventory fluctuations better than the preliminary official releases. |
| Beschreibung: | Auch im Internet unter der Adresse www.SSRN.com und www.CESifo.de verfügbar |
| Beschreibung: | 34 S. graph. Darst. 21 cm |
Internformat
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| 520 | 8 | |a Inventory fluctuations are an important phenomenon in business cycles. However, the preliminary data on inventory investment as published in the German national accounts are tremendously prone to revision and therefore ill-equipped to diagnose the current stance of the inventory cycle. The Ifo business survey contains information on the assessments of inventory stocks in manufacturing as well as in retail and wholesale trade. Static factor analysis and a method building on canonical correlations are applied to construct a composite index of inventory fluctuations. Based on recursive estimates, the different variants are assessed as regards the stability of the weighting schemes and the ability to forecast the trueʺ inventory fluctuations better than the preliminary official releases. | |
| 648 | 4 | |a 1970-2003 | |
| 650 | 4 | |a Lagerzyklus / Konjunkturumfrage / Schätzung / Deutschland | |
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| id | DE-604.BV019637242 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:01:52Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-012966202 |
| oclc_num | 249468761 |
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| physical | 34 S. graph. Darst. 21 cm |
| publishDate | 2004 |
| publishDateSearch | 2004 |
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| publisher | CES Ifo |
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| series | CESifo working papers |
| series2 | CESifo working papers |
| spelling | Knetsch, Thomas A. Verfasser aut Evaluating the german inventory cycle - using data from the IFO business survey presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 Thomas A. Knetsch. Center for Economic Studies & Ifo Institute for Economic Research Munich CES 2004 Munich Ifo 34 S. graph. Darst. 21 cm txt rdacontent n rdamedia nc rdacarrier CESifo working papers 1202 : Category 5, Fiscal policy, macroeconomics and growth Auch im Internet unter der Adresse www.SSRN.com und www.CESifo.de verfügbar Inventory fluctuations are an important phenomenon in business cycles. However, the preliminary data on inventory investment as published in the German national accounts are tremendously prone to revision and therefore ill-equipped to diagnose the current stance of the inventory cycle. The Ifo business survey contains information on the assessments of inventory stocks in manufacturing as well as in retail and wholesale trade. Static factor analysis and a method building on canonical correlations are applied to construct a composite index of inventory fluctuations. Based on recursive estimates, the different variants are assessed as regards the stability of the weighting schemes and the ability to forecast the trueʺ inventory fluctuations better than the preliminary official releases. 1970-2003 Lagerzyklus / Konjunkturumfrage / Schätzung / Deutschland CESifo working papers 1202 : Category 5, Fiscal policy, macroeconomics and growth (DE-604)BV013978326 1202 |
| spellingShingle | Knetsch, Thomas A. Evaluating the german inventory cycle - using data from the IFO business survey presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 CESifo working papers Lagerzyklus / Konjunkturumfrage / Schätzung / Deutschland |
| title | Evaluating the german inventory cycle - using data from the IFO business survey presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 |
| title_auth | Evaluating the german inventory cycle - using data from the IFO business survey presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 |
| title_exact_search | Evaluating the german inventory cycle - using data from the IFO business survey presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 |
| title_full | Evaluating the german inventory cycle - using data from the IFO business survey presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 Thomas A. Knetsch. Center for Economic Studies & Ifo Institute for Economic Research |
| title_fullStr | Evaluating the german inventory cycle - using data from the IFO business survey presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 Thomas A. Knetsch. Center for Economic Studies & Ifo Institute for Economic Research |
| title_full_unstemmed | Evaluating the german inventory cycle - using data from the IFO business survey presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 Thomas A. Knetsch. Center for Economic Studies & Ifo Institute for Economic Research |
| title_short | Evaluating the german inventory cycle - using data from the IFO business survey |
| title_sort | evaluating the german inventory cycle using data from the ifo business survey presented at cesifo conference academic use of ifo survey data december 2003 |
| title_sub | presented at CESifo Conference "Academic Use of Ifo Survey Data", December 2003 |
| topic | Lagerzyklus / Konjunkturumfrage / Schätzung / Deutschland |
| topic_facet | Lagerzyklus / Konjunkturumfrage / Schätzung / Deutschland |
| volume_link | (DE-604)BV013978326 |
| work_keys_str_mv | AT knetschthomasa evaluatingthegermaninventorycycleusingdatafromtheifobusinesssurveypresentedatcesifoconferenceacademicuseofifosurveydatadecember2003 |