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Abnehmende Bedeutung der Lagerinvestitionen für den Konjunkturverlauf?

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  • Döpke, Jörg
  • Langfeldt, Enno

Abstract

With the widespread application of inventory control Systems in industry and trade and a fast growing Services sector the influence of inventory changes on the business sector should become less important over time. However, the empirical eyidence for Germany in the period 1970-1994 shows that especially at cyclical turning-points inventory fluctuations continue to have a major impact on overall oütput. Additional research süggests that inventones in Germany are not part of the monetary transmission mechanism but work as an accelerator when there is a turnaround in final demand.

Suggested Citation

  • Döpke, Jörg & Langfeldt, Enno, 1997. "Abnehmende Bedeutung der Lagerinvestitionen für den Konjunkturverlauf?," Kiel Working Papers 815, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:815
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    References listed on IDEAS

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    1. Fair, Ray C., 1989. "The production-smoothing model is alive and well," Journal of Monetary Economics, Elsevier, vol. 24(3), pages 353-370, November.
    2. Hillinger, Claude, 1989. "The role of inventory and equipment investment in economic fluctuations," Engineering Costs and Production Economics, Elsevier, vol. 15(1), pages 55-60, May.
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    4. Blinder, Alan S & Maccini, Louis J, 1991. "The Resurgence of Inventory Research: What Have We Learned?," Journal of Economic Surveys, Wiley Blackwell, vol. 5(4), pages 291-328.
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    6. Arbeitsgemeinschaft Deutscher Wirtschaftswissenschaftlicher Forschungsinstitute, 1992. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Herbst 1992," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 59(44), pages 561-600.
    7. Arbeitsgemeinschaft Deutscher Wirtschaftswissenschaftlicher Forschungsinstitute, 1992. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Frühjahr 1992," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 59(16/17), pages 199-234.
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    More about this item

    Keywords

    Inventories; business cycles;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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