Inventory investment and the business cycle
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Marianne Baxter & Robert G. King, 1999.
"Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series,"
The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 575-593, November.
- Marianne Baxter & Robert G. King, 1995. "Measuring Business Cycles Approximate Band-Pass Filters for Economic Time Series," NBER Working Papers 5022, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "BKFILTER: RATS procedure to implement band pass filter using Baxter-King method," Statistical Software Components RTS00026, Boston College Department of Economics.
- Durlauf, Steven N. & Maccini, Louis J., 1995.
"Measuring noise in inventory models,"
Journal of Monetary Economics, Elsevier, vol. 36(1), pages 65-89, August.
- Steven N. Durlauf & Louis J. Maccini, 1993. "Measuring Noise in Inventory Models," NBER Working Papers 4487, National Bureau of Economic Research, Inc.
- Durlauf, S.N. & Maccini, L.J., 1993. "Measuring Noise in Inventory Models," Working papers 9326, Wisconsin Madison - Social Systems.
- Jonas D. M. Fisher & Andreas Hornstein, 2000.
"(S, s) Inventory Policies in General Equilibrium,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(1), pages 117-145.
- Jonas D. M. Fisher & Andreas Hornstein, 1995. "(S,s) inventory policies in general equilibrium," Discussion Paper / Institute for Empirical Macroeconomics 104, Federal Reserve Bank of Minneapolis.
- Jonas D. M. Fisher & Andreas Hornstein, 1996. "(S, s) inventory policies in general equilibrium," Working Paper Series, Macroeconomic Issues WP-96-24, Federal Reserve Bank of Chicago.
- Fisher, J.D.M. & Hornstein, A., 1995. "(S,s)Inventory Policies in General Equilibrium," University of Western Ontario, Departmental Research Report Series 9514, University of Western Ontario, Department of Economics.
- Jonas D. M. Fisher & Andreas Hornstein, 1998. "(S,s) Inventory policies in general equilibrium," Working Paper 97-07, Federal Reserve Bank of Richmond.
- Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1, July.
- Terry J. Fitzgerald, 1997. "Inventories and the business cycle: an overview," Economic Review, Federal Reserve Bank of Cleveland, issue Q III, pages 11-22.
- Hornstein, Andreas & Praschnik, Jack, 1997.
"Intermediate inputs and sectoral comovement in the business cycle,"
Journal of Monetary Economics, Elsevier, vol. 40(3), pages 573-595, December.
- Andreas Hornstein & Jack Praschnik, 1997. "Intermediate inputs and sectoral comovement in the business cycle," Working Paper 97-06, Federal Reserve Bank of Richmond.
- Alan S. Blinder, 1981. "Retail Inventory Behavior and Business Fluctuations," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 12(2), pages 443-520.
- West, Kenneth D., 1983. "A note on the econometric use of constant dollar inventory series," Economics Letters, Elsevier, vol. 13(4), pages 337-341.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mr. Yungsan Kim & Woon Gyu Choi, 2001. "Has Inventory Investment Been Liquidity-Constrained? Evidence From U.S. Panel Data," IMF Working Papers 2001/122, International Monetary Fund.
- Aubhik Khan & Julia K. Thomas, 2007.
"Inventories and the Business Cycle: An Equilibrium Analysis of ( S , s ) Policies,"
American Economic Review, American Economic Association, vol. 97(4), pages 1165-1188, September.
- Aubhik Khan & Julia K. Thomas, 2002. "Inventories and the business cycle: an equilibrium analysis of (S,s) policies," Working Papers 02-20, Federal Reserve Bank of Philadelphia.
- Aubhik Khan & Julia Thomas, 2003. "Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies," NBER Working Papers 10078, National Bureau of Economic Research, Inc.
- Aubhik Khan & Julia K. Thomas, 2003. "Inventories and the business cycle: an equilibrium analysis of (S,s) policies," Staff Report 329, Federal Reserve Bank of Minneapolis.
- Aubhik Khan & Julia K. Thomas, 2004. "Inventories and the business cycle: an equilibrium analysis of (S,s) policies," Working Papers 04-11, Federal Reserve Bank of Philadelphia.
- Caggese, Andrea, 2007.
"Financing constraints, irreversibility, and investment dynamics,"
Journal of Monetary Economics, Elsevier, vol. 54(7), pages 2102-2130, October.
- Andrea Caggese, 2001. "Financing constraints, irreversibility and investment dynamics," Economics Working Papers 1008, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2006.
- Caggese, Andrea, 2003. "Financing constraints, irreversibility, and investment dynamics," LSE Research Online Documents on Economics 24828, London School of Economics and Political Science, LSE Library.
- Andrea Caggese, 2003. "Financing Constraints, Irreversibility, and Investment Dynamics," FMG Discussion Papers dp440, Financial Markets Group.
- Andrea Caggese, 2003. "Financing Constraints, Irreversibility, and Investment Dynamics," Working Papers 53, Barcelona School of Economics.
- Wen, Yi, 2005.
"Understanding the inventory cycle,"
Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1533-1555, November.
- Wen, Yi, 2002. "Understanding the Inventory Cycle," Working Papers 02-04, Cornell University, Center for Analytic Economics.
- Andreas Hornstein, 2000. "The business cycle and industry comovement," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 27-48.
- Ferreira da Silva, Gisele, 2002. "The impact of financial system development on business cycles volatility: cross-country evidence," Journal of Macroeconomics, Elsevier, vol. 24(2), pages 233-253, June.
- Lawrence J. Christiano & Terry J. Fitzgerald, 2003.
"The Band Pass Filter,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(2), pages 435-465, May.
- Lawrence J. Christiano & Terry J. Fitzgerald, 1999. "The Band pass filter," Working Papers (Old Series) 9906, Federal Reserve Bank of Cleveland.
- Lawrence J. Christiano & Terry J. Fitzgerald, 1999. "The Band Pass Filter," NBER Working Papers 7257, National Bureau of Economic Research, Inc.
- Tom Doan, "undated". "CFFILTER: RATS procedure to perform band pass filter using Christiano-Fitzgerald method," Statistical Software Components RTS00034, Boston College Department of Economics.
- Iyetomi, Hiroshi & Nakayama, Yasuhiro & Yoshikawa, Hiroshi & Aoyama, Hideaki & Fujiwara, Yoshi & Ikeda, Yuichi & Souma, Wataru, 2011. "What causes business cycles? Analysis of the Japanese industrial production data," Journal of the Japanese and International Economies, Elsevier, vol. 25(3), pages 246-272, September.
- Abrahamsen, Yngve & Hartwig, Jochen, 2011. "Inventory investment and production in Europe during the "Great Recession": Is there a pattern?," International Journal of Production Economics, Elsevier, vol. 132(2), pages 174-177, August.
- Wen, Yi, 2003. "Durable Goods Inventories and the Volatility of Production: A Puzzle," Working Papers 03-12, Cornell University, Center for Analytic Economics.
- William Alpert & John Stiver, 2002. "On Modeling and Controlling the Effects of Variable Labor Effort: A Theoretical Explanation of the Truck System," Working papers 2002-38, University of Connecticut, Department of Economics.
- Yi Wen, 2011.
"Input and Output Inventory Dynamics,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 3(4), pages 181-212, October.
- Yi Wen, 2009. "Input and output inventory dynamics," Working Papers 2008-008, Federal Reserve Bank of St. Louis.
- Yi Wen, 2011. "Input and output inventory dynamics," Working Papers 2011-008, Federal Reserve Bank of St. Louis.
- Young Sik Kim & Kunhong Kim, 2006. "How Important is the Intermediate Input Channel in Explaining Sectoral Employment Comovement over the Business Cycle?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(4), pages 659-682, October.
- Buch, Claudia M. & Döpke, Jörg & Stahn, Kerstin, 2008. "Great moderation at the firm level? Unconditional versus conditional output volatility," Discussion Paper Series 1: Economic Studies 2008,13, Deutsche Bundesbank.
- Zhiwei Xu & Yi Wen & pengfei Wang, 2012. "When Do Inventories Destabilize the Economy? ---A Tractable Approach to (S,s) Policies," 2012 Meeting Papers 288, Society for Economic Dynamics.
- Katsuyuki Shibayama, 2008. "Inventory Cycles," Studies in Economics 0804, School of Economics, University of Kent.
- 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.
- Buch Claudia M & Doepke Joerg & Stahn Kerstin, 2009.
"Great Moderation at the Firm Level? Unconditional vs. Conditional Output Volatility,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-27, May.
- Claudia M. Buch & Jörg Döpke & Kerstin Stahn, 2008. "Great Moderation at the Firm Level? Unconditional vs. Conditional Output Volatility," CESifo Working Paper Series 2324, CESifo.
- Smith, A. Lee, 2016. "When does the cost channel pose a challenge to inflation targeting central banks?," European Economic Review, Elsevier, vol. 89(C), pages 471-494.
- Mr. Willy A Hoffmaister & Mr. Jens R Clausen, 2010. "Cyclical Behavior of Inventories and Growth Projections Recent Evidence From Europe and the United States," IMF Working Papers 2010/212, International Monetary Fund.
- Paula R. Worthington, 1998. "Inventories and output volatility," Working Paper Series WP-98-21, Federal Reserve Bank of Chicago.
- Wen, Yi, 2003. "Understanding the Inventory Cycle: I. Partial Equilibrium Analysis," Working Papers 03-08, Cornell University, Center for Analytic Economics.
- Yi Wen, 2008. "Inventories, liquidity, and the macroeconomy," Working Papers 2008-045, Federal Reserve Bank of St. Louis.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Yi Wen, 2011.
"Input and Output Inventory Dynamics,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 3(4), pages 181-212, October.
- Yi Wen, 2009. "Input and output inventory dynamics," Working Papers 2008-008, Federal Reserve Bank of St. Louis.
- Yi Wen, 2011. "Input and output inventory dynamics," Working Papers 2011-008, Federal Reserve Bank of St. Louis.
- Aubhik Khan & Julia K. Thomas, 2007.
"Inventories and the Business Cycle: An Equilibrium Analysis of ( S , s ) Policies,"
American Economic Review, American Economic Association, vol. 97(4), pages 1165-1188, September.
- Aubhik Khan & Julia K. Thomas, 2002. "Inventories and the business cycle: an equilibrium analysis of (S,s) policies," Working Papers 02-20, Federal Reserve Bank of Philadelphia.
- Aubhik Khan & Julia K. Thomas, 2003. "Inventories and the business cycle: an equilibrium analysis of (S,s) policies," Staff Report 329, Federal Reserve Bank of Minneapolis.
- Aubhik Khan & Julia Thomas, 2003. "Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies," NBER Working Papers 10078, National Bureau of Economic Research, Inc.
- Aubhik Khan & Julia K. Thomas, 2004. "Inventories and the business cycle: an equilibrium analysis of (S,s) policies," Working Papers 04-11, Federal Reserve Bank of Philadelphia.
- Perron, Pierre & Wada, Tatsuma, 2016.
"Measuring business cycles with structural breaks and outliers: Applications to international data,"
Research in Economics, Elsevier, vol. 70(2), pages 281-303.
- Tatsuma Wada & Pierre Perron, 2014. "Measuring Business Cycles with Structural Breaks and Outliers: Applications to International Data," Boston University - Department of Economics - Working Papers Series 2014-004, Boston University - Department of Economics.
- Pierre Perron & Tatsuma Wada, 2015. "Measuring Business Cycles with Structural Breaks and Outliers: Applications to International Data," Boston University - Department of Economics - Working Papers Series wp2015-016, Boston University - Department of Economics.
- Jaromir Benes & David Vavra, 2004. "Eigenvalue Decomposition of Time Series with Application to the Czech Business Cycle," Working Papers 2004/08, Czech National Bank.
- Nalewaik, Jeremy & Pinto, Eugénio, 2015. "The response of capital goods shipments to demand over the business cycle," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 62-80.
- Siem Jan Koopman & Joao Valle e Azevedo, 2003. "Measuring Synchronisation and Convergence of Business Cycles," Tinbergen Institute Discussion Papers 03-052/4, Tinbergen Institute.
- Alexandra Ferreira-Lopes & Álvaro Pina, 2011.
"Business Cycles, Core, and Periphery in Monetary Unions: Comparing Europe and North America,"
Open Economies Review, Springer, vol. 22(4), pages 565-592, September.
- Alexandra Ferreira Lopes & Álvaro M. Pina, 2008. "Business Cycles, Core and Periphery in Monetary Unions: Comparing Europe and North America," Working Papers Department of Economics 2008/21, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Alexandra Ferreira-Lopes & Álvaro M. Pina, 2008. "Business Cycles, Core and Periphery in Monetary Unions: Comparing Europe and North America," Working Papers Series 1 ercwp1908, ISCTE-IUL, Business Research Unit (BRU-IUL).
- jose ramos pires manso, 2004. "Economical Versus Political Cycles In An Iberian Manufacturing Sector," Industrial Organization 0404003, University Library of Munich, Germany.
- Dewald, William G. & Haug, Alfred A., 2004. "Longer-term effects of monetary growth on real and nominal variables, major industrial countries, 1880-2001," Working Paper Series 382, European Central Bank.
- Bergman, Michael, 2001. "Finnish and Swedish Business Cycles in a Global Context," Working Papers 2001:20, Lund University, Department of Economics.
- Dagum, Estela Bee, 2010. "Business Cycles and Current Economic Analysis/Los ciclos económicos y el análisis económico actual," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 28, pages 577-594, Diciembre.
- Mohanty, Jaya & Singh, Bhupal & Jain, Rajeev, 2003. "Business cycles and leading indicators of industrial activity in India," MPRA Paper 12149, University Library of Munich, Germany.
- Siem Jan Koopman & Soon Yip Wong, 2006. "Extracting Business Cycles using Semi-parametric Time-varying Spectra with Applications to US Macroeconomic Time Series," Tinbergen Institute Discussion Papers 06-105/4, Tinbergen Institute.
- Efe Can KILINÇ & Cafer Necat BERBEROĞLU, 2019. "The Relationship Between Saving, Profit Rates and Business CyclesAbstract:There are different approaches of economics schools on the sources, causes and determinants of business cycles. These approach," Sosyoekonomi Journal, Sosyoekonomi Society.
- Olivier Bandt & Catherine Bruneau & Alexis Flageollet, 2006.
"Assessing Aggregate Comovements in France, Germany and Italy Using a Non Stationary Factor Model of the Euro Area,"
Springer Books, in: Convergence or Divergence in Europe?, pages 95-120,
Springer.
- De Bandt. O. & Bruneau, C. & Flageollet, B., 2006. "Assessing Aggregate Comovements in France, Germany and Italy. Using a Non Stationary Factor Model of the Euro Area," Working papers 145, Banque de France.
- Petr Rozmahel & Ladislava Issever Grochová & Marek Litzman, 2014. "The Effect of Asymmetries in Fiscal Policy Conducts on Business Cycle Correlation in the EU. WWWforEurope Working Paper No. 62," WIFO Studies, WIFO, number 47249.
- Andreas Groth & Michael Ghil & Stéphane Hallegatte & Patrice Dumas, 2015.
"The role of oscillatory modes in US business cycles,"
OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys, vol. 2015(1), pages 63-81.
- Andreas Groth & Michael Ghil & Stéphane Hallegatte & Patrice Dumas, 2012. "The Role of Oscillatory Modes in U.S. Business Cycles," Working Papers 2012.26, Fondazione Eni Enrico Mattei.
- Andreas Groth & M. Ghil & Stéphane Hallegatte & Patrice Dumas, 2015. "The role of oscillatory modes in US business cycles," Post-Print hal-01239779, HAL.
- Groth, Andreas & Ghil, Michael & Hallegatte, Stephane & Dumas, Patrice, 2012. "The Role of Oscillatory Modes in U.S. Business Cycles," Economy and Society 127421, Fondazione Eni Enrico Mattei (FEEM).
- A. Groth & Michael Ghil & Stéphane Hallegatte & Patrice Dumas, 2012. "The Role of Oscillatory Modes in U.S. Business Cycles," Post-Print hal-00802052, HAL.
- West, Kenneth D, 1986.
"A Variance Bounds Test of the Linear Quadratic Inventory Model,"
Journal of Political Economy, University of Chicago Press, vol. 94(2), pages 374-401, April.
- Kenneth D. West, 1985. "A Variance Bounds Test of the Linear Quardractic Inventory Model," NBER Working Papers 1581, National Bureau of Economic Research, Inc.
- J. M. Binner & R. K. Bissoondeeal & A. W. Mullineux, 2005.
"A composite leading indicator of the inflation cycle for the Euro area,"
Applied Economics, Taylor & Francis Journals, vol. 37(11), pages 1257-1266.
- Jane Binner & Rakesh Bissoondeeal & Andrew Mullineux, 2004. "A Composite Leading Indicator of the Inflation Cycle for the Euro Area," Money Macro and Finance (MMF) Research Group Conference 2004 24, Money Macro and Finance Research Group.
- Martyna Marczak & Víctor Gómez, 2017.
"Monthly US business cycle indicators: a new multivariate approach based on a band-pass filter,"
Empirical Economics, Springer, vol. 52(4), pages 1379-1408, June.
- Marczak, Martyna & Gómez, Victor, 2013. "Monthly US business cycle indicators: A new multivariate approach based on a band-pass filter," FZID Discussion Papers 64-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
More about this item
Keywords
Inventories; Business cycles;Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedreq:y:1998:i:spr:p:49-71. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Pascasio (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.