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A large body of research has established that exporters do not fully adjust their prices across countries in response to exchange rate movements, but instead allow their markups to vary. But while markups are difficult to observe directly, we show in this paper that inventory-sales ratios...
Persistent link: https://www.econbiz.de/10010598261
Analyzing disaggregate data on inventories and sales from the U.S. manufacturing and trade sector between 1960 and 1997 …
Persistent link: https://www.econbiz.de/10005419929
infrequently and hold substantially larger inventories of imported goods than domestic goods. Using multiple sources of data, we …
Persistent link: https://www.econbiz.de/10005419938
constraints to the flow of funds can generate the frequently overlooked fact that investment in input inventories leads investment …
Persistent link: https://www.econbiz.de/10008862655
, Inventories. This article presents a closer look of standard (objective, scope, definitions, measurement and disclosures. …
Persistent link: https://www.econbiz.de/10008866124
What is the role of inventories in UK manufacturing? We present and estimate a model of inventories that considers … separately finished goods and input (i.e. the sum of raw materials and work-in-process) inventories. We estimate structural … parameters which allows us to make inferences on the role of inventories in cyclical frequencies. Our results suggest that both …
Persistent link: https://www.econbiz.de/10008871022
financial trade-offs. In this paper, we consider the trade-offs with inventories and develop a simple model that recognizes the … receivable to changes in the cost of inventories, profitability, risk and liquidity, and importantly, this influence operates …
Persistent link: https://www.econbiz.de/10008871025
leads to a procyclical shadow value of inventories, which acts as an automatic stabilizer that discourages sales in booms …
Persistent link: https://www.econbiz.de/10008871053
Conventional wisdom has it that inventory investment destabilizes the economy because it is procyclical to sales. Khan and Thomas (2007) show that the conventional wisdom is wrong in a general equilibrium (S,s) model with capital. We argue that their finding is not robust—the conventional...
Persistent link: https://www.econbiz.de/10009024028
Our paper focuses on testing the advantages in controlling the buyer and salvaging goods supplied where we have information on the nature of the transacted good and information on the inventory of buyers and sellers. We find transactions in specialized goods tend to be conducted more often using...
Persistent link: https://www.econbiz.de/10009144344