about inventories and monetary policy. …

) inventories by adding joint determination of input inventories which largely have been ignored Empirically input inventories are … more important than output inventories especially in business cycle fluctuations Maximum likelihood estimation of the …

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 …

prices, alter labor inputs through temporary layoffs and overtime, or adjust inventories. These adjustments are interrelated …

A wide range of motives for holding inventories has been identified in the literature. These include the desire to … inventories held in the economy. To address this issue we construct a general equilibrium model of heterogeneous firms. We …€œhow much of aggregate inventories holdings can be explained by each of the different motives for holding inventories?†The …

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 …

smoothing. We investigate the role of inventories in the Great Moderation by estimating an unobserved components model that … reduction also helps explain the changed forecasting role of inventories since the mid-1980s. Our findings provide an optimistic …