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Regional economy and manufacturing update

Dudley, William - Federal Reserve Bank of New York - 2010

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

Persistent link: https://www.econbiz.de/10010724980

What inventory behavior tells us about business cycles

Bils, Mark; Kahn, James - Federal Reserve Bank of New York - 1998

We argue that the behavior of manufacturing inventories provides evidence against models of business cycle fluctuations … with short-run diminishing returns. Finished goods inventories move proportionally much less than sales or production over …

Persistent link: https://www.econbiz.de/10005717196

Inventory dynamics and business cycles: what has changed?

McCarthy, Jonathan; Zakrajsek, Egon - Federal Reserve Bank of New York - 2002

quicker response of inventories to aggregate shocks - at all stages of fabrication - buffers production from fluctuations in …

Persistent link: https://www.econbiz.de/10005420573

What inventory behavior tells us about business cycles

Bils, Mark; Kahn, James A. - Federal Reserve Bank of New York - 1999

Manufacturers' finished goods inventories are less cyclical than shipments. This requires marginal cost to be more … markups arising from a procyclical shadow price of labor are chiefly responsible for the sluggishness of inventories. …

Persistent link: https://www.econbiz.de/10005420645

Microeconomic inventory adjustment: evidence from U.S. firm-level data

McCarthy, Jonathan; Zakrajsek, Egon - Federal Reserve Bank of New York - 2000

excess inventories, firms disinvest more in recessions than they do in expansions. The inventory adjustment process has …

Persistent link: https://www.econbiz.de/10005420675

Retail inventories, internal finance, and aggregate fluctuations

Zakrajsek, Egon - Federal Reserve Bank of New York - 1997

We investigate the implications of capital market imperfections for inventory investment in retail trade, using a new source firm-level data--the micro data underlying the published Quarterly Financial Reports. An error-correction model that includes internal funds and forward-looking...

Persistent link: https://www.econbiz.de/10005512191