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Inventory Behavior in Durable-Goods Manufacturing: The Target-Adjustment Model

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Author Info
Martin Feldstein (Harvard University)
Alan Auerbach (Harvard University)

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Abstract

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File URL: http://www.brookings.edu/press/Journals/2007/brookingspapersoneconomicactivity12007.aspx
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Article provided by Economic Studies Program, The Brookings Institution in its journal Brookings Papers on Economic Activity.

Volume (Year): 7 (1976)
Issue (Month): 1976-2 ()
Pages: 351-408
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Handle: RePEc:bin:bpeajo:v:7:y:1976:i:1976-2:p:351-408

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Related research
Keywords: macroeconomics; inventory behavior; durable-goods manufacturing;

Cited by:
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  1. Mark Bils & James A. Kahn, 2000. "What Inventory Behavior Tells Us about Business Cycles," American Economic Review, American Economic Association, vol. 90(3), pages 458-481, June. [Downloadable!] (restricted)
    Other versions:
  2. Wen, Yi, 2003. "The Power of Demand: A General Equilibrium Analysis of Multi-Stage-Fabrication Economy with Inventories," Working Papers 03-13r, Cornell University, Center for Analytic Economics. [Downloadable!]
  3. Alan S. Blinder, 1984. "Can The Production Smoothing Model of Inventory Behavior be Saved?," NBER Working Papers 1257, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Yi Wen, 2005. "The multiplier: a general equilibrium analysis of multi-stage-fabrication economy with inventories," Working Papers 2005-046, Federal Reserve Bank of St. Louis. [Downloadable!]
  5. Matteo Iacoviello & Fabio Schiantarelli & Scott Schuh, 2007. "Input and Output Inventories in General Equilibrium," Boston College Working Papers in Economics 658, Boston College Department of Economics, revised 23 Oct 2009. [Downloadable!]
    Other versions:
  6. Andrew Benito, 2002. "Financial pressure, monetary policy effects and inventory adjustment by UK and Spanish firms," Banco de España Working Papers 0226, Banco de España. [Downloadable!]
  7. Wen, Yi, 2003. "Understanding the Inventory Cycle: I. Partial Equilibrium Analysis," Working Papers 03-08, Cornell University, Center for Analytic Economics. [Downloadable!]
  8. Alan S. Blinder, 1983. "Inventories and Sticky Prices: More on the Microfoundations of Macroeconomics," NBER Working Papers 0620, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  9. Yi Wen, 2008. "Inventories, liquidity, and the macroeconomy," Working Papers 2008-045, Federal Reserve Bank of St. Louis. [Downloadable!]
  10. Wen, Yi, 2004. "General Equilibrium Analysis of the Supply of Capital," Working Papers 04-02, Cornell University, Center for Analytic Economics. [Downloadable!]
  11. Olivier J. Blanchard, 1983. "The Production and Inventory Behavior of the American Automobile Industry," NBER Working Papers 0891, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  12. Daniele Coen-Pirani, 2004. "Markups, Aggregation, and Inventory Adjustment," American Economic Review, American Economic Association, vol. 94(5), pages 1328-1353, December. [Downloadable!]
  13. Ian Small, . "Inventory investment and cash flow," Bank of England working papers 112, Bank of England. [Downloadable!]
  14. Pierre-Daniel G. Sarte, 1999. "An empirical investigation of fluctuations in manufacturing sales and inventory within a sticky-price framework," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 61-84. [Downloadable!]
  15. Kenneth D. West, 1993. "Inventory Models," NBER Technical Working Papers 0143, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  16. Wen, Yi, 2003. "Durable Goods Inventories and the Volatility of Production: A Puzzle," Working Papers 03-12, Cornell University, Center for Analytic Economics. [Downloadable!]
  17. Robert P. Flood & Robert J. Hodrick, 1986. "Optimal Price and Inventory Adjustment in an Open-Economy Model of the Business Cycle," NBER Working Papers 1089, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  18. Wen, Yi, 2004. "Durable Goods Inventories and the Volatility of Production: Explaining the Less Volatile U.S. Economy," Working Papers 04-01, Cornell University, Center for Analytic Economics. [Downloadable!]
    Other versions:
  19. Alan J. Auerbach & Jerry R. Green, 1980. "Components of Manufacturing Inventories," NBER Working Papers 0491, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  20. Yi Wen, 2005. "Production and inventory behavior of capital," Working Papers 2005-044, Federal Reserve Bank of St. Louis. [Downloadable!]
  21. David G. Bivin, 2005. "Gauging the performance of the linear-quadratic inventory model," Applied Economics, Taylor and Francis Journals, vol. 37(11), pages 1215-1231, June. [Downloadable!] (restricted)
  22. George J. Hall & John Rust, 1999. "An Empirical Model of Inventory Investment by Durable Commodity Intermediaries," Cowles Foundation Discussion Papers 1228, Cowles Foundation, Yale University. [Downloadable!]
    Other versions:
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