Wen, Yi - Federal Reserve Bank of St. Louis - 2008
stockout-avoidance motive. The model's predictions are broadly consistent with the U.S. business cycle and key features of … countercyclical stock-to-sales ratio over the business cycle, and (iv) more volatile input inventories than output inventories …-avoidance motive. The model�s predictions are broadly consistent with the
U.S. business cycle and key features of inventory behavior …