is mostly explained by the behaviour of firms’ assessments of demand and inventories. In particular, inventories … results are consistent with the claim that better inventories management should have a specific role in shaping the production …

The uncertain and sequential trading (UST) model of inventories behavior with iid shocks predicts that (a) the … beginning of period inventories is a sufficient statistic for past variables and (b) an increase in the beginning of period … inventories reduces output, employment, hours per employee, and effort. I find empirical support for the second hypothesis but not …

We examine the role of inventories and capacity utilization (of both capital and labor) for the propagation of business … cycle fluctuations. We document a new set of facts regarding the U.S. cyclical regularities of inventories and capacity … comove with the holdings of inventories. Second, we find that labor utilization is procyclical as well, but is weakly …

changes in inventories. We then present evidence of the importance of cross border production chains for the economies of CEE …

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

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 …