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 …

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 …

Indicator 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 …

inventories react strongly and positively to news about future increases in total factor productivity. Theory suggests that the … transmission channel of news shocks to inventories works through movements in marginal costs, through movements in sales, or …