Bec, Frédérique; Bessec, Marie - Université Paris-Dauphine (Paris IX) - 2013
This paper explores the existence of a bounce-back effect in inventory investment using the European Commission opinion …, from 1985q1 to 2011q4. Our empirical findings support the existence of a high recovery episode for inventory investment … modeling of the inventory investment behavior in any sensible theoretical explanation of aggregate business cycles. …