Shibayama, Katsuyuki (contributor) - 2008
production and inventories follow damped oscillations (stable sine curves), implying that a boom is the seed of the following … recession, and vice versa. Interestingly, the peaks and troughs of policy interest rate precedes those of production in the U … production in subsequent periods. -- Inventories ; Inventory cycle ; Business cycle ; Monetary policy ; Damped oscillations …