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What Inventory Behavior Tells Us About Business Cycles.

We argue that the behavior of manufacturing inventories provides evidence against models of business cycle fluctuations based on productivity shocks, increasing returns to scale, or favorable externalities, whereas it is consistent with models with short-run diminishing returns and procyclical work effort.
Year of publication:
1996
Authors: Bils, M. ; Kahn, J.A.
Institutions: University of Rochester - Center for Economic Research (RCER)
Subject: BUSINESS CYCLES
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Type of publication: Book / Working Paper
Notes:
39 pages
Classification: E30 - Prices, Business Fluctuations, and Cycles. General ; E32 - Business Fluctuations; Cycles
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Persistent link: https://www.econbiz.de/10005503976
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