Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10013530385
Persistent link: https://www.econbiz.de/10000695040
Persistent link: https://www.econbiz.de/10001014546
Persistent link: https://www.econbiz.de/10009567210
Persistent link: https://www.econbiz.de/10001102111
Persistent link: https://www.econbiz.de/10001117980
Persistent link: https://www.econbiz.de/10001925303
When empirical stock-adjustment models of manufacturers' inventories of finished goods are estimated, there appear to be two local minima in the sum of squared residuals functions. At one local minimum, the estimated adjustment speed is typically quite high; at the other, it is typically quite...
Persistent link: https://www.econbiz.de/10012477161
The production smoothing model of inventory behavior has a long and venerable history, and theoretical foundations which seem very strong. Yet certain overwhelming facts seem not only to defy explanation within the production smoothing framework, but actually to argue that the basic idea of...
Persistent link: https://www.econbiz.de/10012477840
The message of this paper can be summed up in two words: inventories matter. They matter empirically, in the sense that inventory developments are of major importance in the propagation of business cycles; and they matter theoretically, in the sense that recognition of their existence changes...
Persistent link: https://www.econbiz.de/10012478621