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The role of inventories in the business cycle

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  • Aubhik Khan

Abstract

Changes in the stock of firms' inventories are an important component of the business cycle. In fact, discussion about the timing of a recovery following a recession often focuses on inventories. In \\"The Role of Inventories in the Business Cycle,\\" Aubhik Khan surveys the facts about inventory investment over the business cycle, then discusses two leading theories that may explain these observations.

Suggested Citation

  • Aubhik Khan, 2003. "The role of inventories in the business cycle," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 38-45.
    • Handle: RePEc:fip:fedpbr:y:2003:i:q3:p:38-45
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2003/q3/brq303ak.pdf
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    References listed on IDEAS

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    1. Alan S. Blinder & Louis J. Maccini, 1991. "Taking Stock: A Critical Assessment of Recent Research on Inventories," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 73-96, Winter.
    2. Eichenbaum, Martin S., 1984. "Rational expectations and the smoothing properties of inventories of finished goods," Journal of Monetary Economics, Elsevier, vol. 14(1), pages 71-96, July.
    3. Caplin, Andrew S, 1985. "The Variability of Aggregate Demand with (S, s) Inventory Policies," Econometrica, Econometric Society, vol. 53(6), pages 1395-1409, November.
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    Cited by:

    1. Teo, Wing Leong, 2011. "Inventories and optimal monetary policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 30(8), pages 1719-1748.
    2. Thomas A. Lubik & Wing Leong Teo, 2009. "Inventories and optimal monetary policy," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Fall), pages 357-382.
    3. Hashmat Khan & Pythagoras Petratos, 2016. "Entrepreneurship and the Business Cycle: Stylized Facts from U.S. Venture Capital Activity," Carleton Economic Papers 16-09, Carleton University, Department of Economics.

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    Keywords

    Business cycles; Inventories;

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