Inventory data applied to a standard partial stock-adjustment model demonstrate that inventory control, defined by desired marginal inventory-sales ratios and speeds of adjustment, improved in the last decade or so, particularly in the manufacturing sector. In addition, the evidence suggests...

A heavy concentration of services characterizes the economy of the District of Columbia. Growth in the D.C. economy, although usually heavily insulated from the swings of the U.S. business cycle, varies in intensity and, sometimes, in direction. Now, a new monthly index of total production...