demand shocks. This hypothesis seems to be a good framework to account for inventories fluctuations. We find some evidence …

of inventories and production ; Methods used in measuring inventory ratios; Increasing ratio in trade sector. …

The aim of this paper is the identification of structural shocks which affect the dynamics of sectoral inventories … French time series of aggregate production, sectoral production and sectoral inventories. The results are similar for both … become significant. Conversely, sectoral inventories are influenced in the short run by the idiosyncratic demand shock and in …