The paper considers the problem of autonomous recessions in the Russian economy, which are explained as a drop of the output caused by endogenous shocks of the supply and/or demand. In order to determine possible factors of the autonomous recession we consider the stylized facts and other...

The paper presents an analysis of the efficiency of inventory management in feed enterprises in groups of inventories and cross-sized enterprises. Resources to realize objective pursued originated from the financial statements 55 feed production plant operating in Poland in 2005-2011. The study...

The present paper provides a substantial re-conceptualization of the serial clearing of the product market on the basis of structural axioms. This change of premises is required simply because from the accustomed premises only the accustomed conclusions can be derived and these are known to be...

At the end of 2008, a massive and worldwide drawdown of inventories contributed to the strong contraction in international trade and activity. This movement was no doubt exacerbated by the financial constraints on companies and the transmission of the shock along globalised production chains....

Inventory fluctuations play an important role in the formation of business cycles. In Germany, little research has been dedicated to this topic recently. In this study, a structural time series model in the tradition of Harvey (1989) is employed to decompose German inventory investment into...

This article studies inventories and monetary policy by estimating VAR models. The complex roots detected in our estimation generate cycles of around 55 to 70 months, which are quite close to actual business cycle lengths. This implies that production and inventories follow damped oscillations...

This paper uses a transformation of the period-by-period index proposed by Cerqueira and Martins (<CitationRef CitationID="CR10">2009</CitationRef>), to overcome some of its shortcomings, in a non-parametric estimation to analyze how business cycle synchronization for a sample of 111 countries evolved in the period 1960–2007. The...</citationref>

This paper examines empirically the effects of the introduction of the euro on the output correlation among the member economies. The similarity of shocks affecting the members is an important condition to minimize the costs from the loss of national monetary policy implementation. Eichengreen...

Substantial evidence suggests that countries or regions with stronger trade linkages tend to have business cycles that are more synchronized. The standard international business cycle framework cannot replicate this nding. In this paper, we study a multi-country model of international trade with...