second is that inventory movements are quite persistent, even conditional on sales. To consider explanations for the two … demand for the good in question, and that marginal production cost slopes up. The first explanation assumes as well that …, or some third, alternative provides a satisfactory explanation of inventory behavior. We suggest several directions for …

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 …

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

Econometric aspects of recent research on inventory models are surveyed. The discussion emphasizes issues relevant to … instrumental variables estimation of a first order condition of the Holt et al. (1960) linear quadratic inventory model, including … paper also briefly discusses estimation of a decision rule implied by the model, and, finally, the impliations for inventory …

importers to change their inventory holdings. We find that a two-country model of international business cycles with an … inventory management decision can generate trade flows and wedges consistent with the data. Moreover, matching trade flows …

they are much more successful in accounting for inventory behavior. The difference is attributable to cyclicality in the … countercyclical markups are chiefly responsible for the sluggish response of inventory stocks over the cycle …

A simple real linear-quadratic inventory model is used to determine how cost and demand shocks interacted to cause … plausible, value for a certain target inventory-sales ratio, cost shocks are less important than demand shocks for GNP … and demand shocks are of roughly equal importance for GNP. These estimates are, however, imprecise. With a different, but …

inventory developments are of major importance in the propagation of business cycles; and they matter theoretically, in the …

result in economy-wide job destruction and inventory runoffs. Forces that raise the real interest rate -- especially … interest rate results in an immediate spike of job destruction and inventory liquidation, followed by a declining pattern of …

This paper presents a structural model of production and inventory accumulation based on the hypothesis of cost …