production smoothing. We investigate the role of inventories in the Great Moderation by estimating an unobserved components model … advance and their reduction also helps to explain the changed forecasting role of inventories since the mid-1980s. Our …

The authors study trade between a buyer and a seller when both may have existing inventories of assets similar to those … being traded. They analyze how these inventories affect trade, information dissemination, and price formation. The authors … show that when the buyer's and seller's initial leverage is moderate, inventories increase price and trade volume, but when …

curve? We find long-run relationships between spot and futures prices, inventories and interest rates, which means that such … inventories are used to absorb the shock. Importantly, the pace and nature of the adjustment depends upon whether inventories were …

-stock model where supply shocks dominate. In contrast to the United States, inventories boost growth with a one-year lag in Europe …. Moreover, inventories provide limited information to improve growth forecasts particularly when a modified buffer-stock model …

inventories: materials (input) inventories facilitate the production of finished goods, while finished goods (output) inventories … cyclicality of inventory investment and inventory-to-target ratios. Although inventories are an important element of the model … parameters associated with inventories, such as the input inventory to output ratio, play a small role in reducing the volatility …

constraints to the flow of funds can generate the frequently overlooked fact that investment in input inventories leads investment …

, Inventories. This article presents a closer look of standard (objective, scope, definitions, measurement and disclosures. …

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 …

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 …

leads to a procyclical shadow value of inventories, which acts as an automatic stabilizer that discourages sales in booms …