This paper has two purposes. One is to assess different models of inventory behavior in terms of their ability to well … inventory movements. We find that the basic production level smoothing model of inventories, augmented by buffer stock motives … inventory data …

as it depends on initial inventory stocks and on the random disturbances within the period. Section 4 presents, for …, we use these results to present the dynamics of inventory behavior and the statistical relationships between real wages …

general equilibrium models that endogenously give rise to inventory investment and evaluate two leading candidates: the (S … regularities such as the procyclicality of inventory investment and its positive correlation with sales. We find that the (S … the (S,s) model performs well with respect to the inventory facts and other business cycle regularities, the stockout …

second is that inventory movements are quite persistent, even conditional on sales. To consider explanations for the two …, or some third, alternative provides a satisfactory explanation of inventory behavior. We suggest several directions for … future research that promise to improve our understanding of inventory behavior and thus of business cycles …

We document cash management patterns for households that are at odds with the predictions of deterministic inventory … models that abstract from precautionary motives. We extend the Baumol-Tobin cash inventory model to a dynamic environment …

the gradual adjustment of inventory stocks. Two microeconomic models of inventory holdings are formulated. Both imply …

This paper develops and applies a novel test of the Holt, et al.(1961) linear quadratic inventory model. It is shown …