Wen, Yi (contributor) - 2008
-avoidance motive. The model�s pre-
dictions are broadly consistent with the U.S. business cycle and key features of inven-
tory …-to-sales ratio
over the business cycle, and (iv) more volatile input inventories than output invento-
ries. It is also shown that ….
Keywords: Input-and-OutputInventories, StockoutAvoidance, CountercyclicalStock-
to-Sales Ratio, Great Moderation, Business …