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| Author | : Jimmie R. Monhollon |
| Publisher | : |
| Total Pages | : 90 |
| Release | : 1965 |
| Genre | : Business cycles |
| ISBN | : |
| Author | : United States. Congress. Joint Economic Committee |
| Publisher | : |
| Total Pages | : 272 |
| Release | : 1962 |
| Genre | : Business cycles |
| ISBN | : |
| Author | : Mahmūd A. Akhtar |
| Publisher | : |
| Total Pages | : 41 |
| Release | : 1982 |
| Genre | : Inventories |
| ISBN | : |
| Author | : Riccardo Fiorito |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 288 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 3642468063 |
Inventory changes constitute in all countries a small fraction of the Gross National Product but also a major source or an indicator of cyclical fluctuations. In this volume both possible ways of propagation are investigated by examining in the first part what macroeconomists have learned and still have to learn about inventories in the light of statistical definitions and problems. In the second part, the role of monetary shocks in propagating business cycles is considered through liquidity effects and in relation to inventory adjustment. A possible linkage between inventory and labor market is shown. Finally, new evidence and theoretical insights are provided on the linear-quadratic inventory model and its ability to discriminate econometrically among competing firm behavior.
| Author | : United States. Congress. Joint Economic Committee |
| Publisher | : |
| Total Pages | : 276 |
| Release | : 1962 |
| Genre | : Business cycles |
| ISBN | : |
| Author | : United States. Congress. Joint Economic Committee. Subcommittee on Economic Stabilization, Automation, and Energy Resources |
| Publisher | : |
| Total Pages | : 270 |
| Release | : 1962 |
| Genre | : Business cycles |
| ISBN | : |
Examines inventory accumulation and depletion in relation to general economic activity, business growth, and industrial capacity.
| Author | : United States. Congress. Joint Economic Committee |
| Publisher | : |
| Total Pages | : 290 |
| Release | : 1962 |
| Genre | : Business cycles |
| ISBN | : |
| Author | : William H. White |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 1962 |
| Genre | : Interest |
| ISBN | : |
| Author | : United States. Congress. Economic Joint Committee |
| Publisher | : |
| Total Pages | : 424 |
| Release | : 1962 |
| Genre | : |
| ISBN | : |
| Author | : Ichiro Fukunaga |
| Publisher | : |
| Total Pages | : 44 |
| Release | : 2005 |
| Genre | : Inventories |
| ISBN | : |
This paper studies the role of inventories in the propagation of monetary shocks by developing simple dynamic general equilibrium models that assume predetermined prices. Inventories serve as a source of real rigidities, that is, amplify the real effects of monetary policy. I introduce a sales-facilitating motive as well as a production-smoothing motive for holding inventories. Inventories respond procyclically and prices are adjusted gradually to a nominal disturbance only if the sales-facilitating motive is relatively strong; otherwise inventories respond countercyclically and prices are adjusted excessively. I also consider the models that assume that both production and prices are predetermined, in which inventories absorb shocks in an unintended manner. In a case where the decision lag of price setting is longer than that of production, inventories respond countercyclically at first and then move procyclically, which is consistent with the pattern shown in empirical studies.
