Copeland, Adam; Hall, George J.; Maccini, Louis J. - 2015
cost of holding inventories. Both channels have equilibrium effects that are amplified and propagated over time through … inventories, which serve as a way to both smooth production and facilitate greater sales at a given price. Through the estimation … played by inventories. A temporary 100 basis point increase in both interest rates causes vehicle production to fall 12 …
