Inventory, Business Cycles and Monetary Transmission

ISBN-13: 9783540579847 / Angielski / Miękka / 1994 / 287 str.

Riccardo Fiorito

Opis

Inventory changes in countries are a major indicator of cyclical fluctuations. This study investigates what macroeconomists have learned about inventories in the light of statistical problems, and also considers the role of monetary shocks in propagating business cycles.

Spis treści

1: Inventory Theory and Data.- Inventory Fluctuations and Macroeconomics.- Estimating the Change in Business Inventories in the US National Accounts.- 2: Inventory and Monetary Transmission.- Modeling the Liquidity Effect of a Money Shock.- Changing Relations between Inventories and Bank Loans.- Macroeconomic Policies and the Inventory Cycle.- 3: Inventory and Labor Market.- Inventories and Multi-Period Labor Contracts: Implications for Business Cycle Analysis.- 4: Econometrics of the Linear Quadratic Inventory Model.- Variance Bounds Tests of Inventory Behavior in Disaggregate Manufacturing Industries.- On a Test By K.D. West.- Some Evidence on the Finite Sample Behavior of an Instrumental Variables Estimator of the Linear Quadratic Inventory Model.