Add to ORKGThis paper examines the role of inventories in accounting for the time lag between an oil price shock and the slow down in U.S. aggregate economic activity. We find that, unlike aggregate GDP, the response of manufacturing sales is immediate and statistically significant. Sluggishness in the response of aggregate output can be accounted by the buffering role of inventories as well as by some misperception of the industries with respect to the role of oil prices in their information set, when deciding on the level of inventories and production
The procyclicality of inventory investment is a central feature of US business cycles. As such, it p...
We use vector autoregressions with drifting coe ¢ cients and stochastic volatility to investigate ho...
The paper proposes a new measure of exogenous oil supply shocks. The timing, the magnitude, and the ...
The purposes of this paper are to explain the economics of inventory behaviour, to describe and anal...
The role of inventories in making prices "sticky" is studied by analyzing a dynamic linear-quadratic...
The purposes of this paper are to explain the economics of inventory behaviour, to describe and anal...
Why did the volatility of U.S. real GDP decline by more than the volatility of final sales with the ...
This thesis analyses inventories empirically and theoretically. Inventories are important in underst...
The aim of this paper is the identification of structural shocks which affect the dynamics of sector...
Competitive producers hold inventories to reduce costs of adjusting production and to reduce marketi...
Changes in the stock of inventories are important for uctuations in aggregate output. How-ever, the ...
By historical standards, the U.S. economy has experienced a period of remarkable stability since the...
Using a newly developed measure of global real economic activity, a structural decomposition of the ...
Increases in oil prices have been held responsible for recessions, periods of excessive inflation, r...
This paper analyzes the relationship between oil price shocks and the industrial production and betw...
The procyclicality of inventory investment is a central feature of US business cycles. As such, it p...
We use vector autoregressions with drifting coe ¢ cients and stochastic volatility to investigate ho...
The paper proposes a new measure of exogenous oil supply shocks. The timing, the magnitude, and the ...
The purposes of this paper are to explain the economics of inventory behaviour, to describe and anal...
The role of inventories in making prices "sticky" is studied by analyzing a dynamic linear-quadratic...
The purposes of this paper are to explain the economics of inventory behaviour, to describe and anal...
Why did the volatility of U.S. real GDP decline by more than the volatility of final sales with the ...
This thesis analyses inventories empirically and theoretically. Inventories are important in underst...
The aim of this paper is the identification of structural shocks which affect the dynamics of sector...
Competitive producers hold inventories to reduce costs of adjusting production and to reduce marketi...
Changes in the stock of inventories are important for uctuations in aggregate output. How-ever, the ...
By historical standards, the U.S. economy has experienced a period of remarkable stability since the...
Using a newly developed measure of global real economic activity, a structural decomposition of the ...
Increases in oil prices have been held responsible for recessions, periods of excessive inflation, r...
This paper analyzes the relationship between oil price shocks and the industrial production and betw...
The procyclicality of inventory investment is a central feature of US business cycles. As such, it p...
We use vector autoregressions with drifting coe ¢ cients and stochastic volatility to investigate ho...
The paper proposes a new measure of exogenous oil supply shocks. The timing, the magnitude, and the ...