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...

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Bibliographic Details

Other Authors:	Fiorito, Riccardo (Editor)
Format:	Electronic eBook
Language:	English
Published:	Berlin, Heidelberg Springer Berlin Heidelberg 1994
Edition:	1st ed. 1994
Series:	Lecture Notes in Economics and Mathematical Systems 413
Subjects:	Economic Theory/Quantitative Economics/Mathematical Methods Organization Economic theory Planning Lagerhaltung Lagerhaltungsmodell Konjunkturzyklus Makroökonomisches Modell Internationaler Konjunkturzusammenhang Transmissionsmechanismus Konferenzschrift
Online Access:	BTU01 Volltext
Summary:	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
Physical Description:	1 Online-Ressource (VI, 287 p)
ISBN:	9783642468063
DOI:	10.1007/978-3-642-46806-3