Add to ORKGWe study the determinants of inventory accumulation in a structural VAR framework with news shocks. Specifically, we investigate how news shocks affect two key determinants of inventory movements, namely rates of return and marginal costs. We establish that inventories react strongly and positively to news about future increases in total factor productivity. We provide evidence that changes in external and internal rates of return are central to the transmission for such news shocks. We do not find evidence for a dominant role of marginal costs
A stylized fact associated with inventory behavior is that the variance of production exceeds the va...
From quarterly postwar US and French data, this paper provides evidence of a bounce-back effect in i...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
We study the determinants of inventory accumulation in a structural VAR framework with news shocks. ...
We study the determinants of inventory accumulation in a structural VAR framework with news shocks. ...
The procyclicality of inventory investment is a central feature of US business cycles. As such, it p...
Inventories are an important, highly volatile and forward looking component of the business cycle, ...
In this paper, we estimate a VAR model to present an empirical finding that an unexpected rise in th...
In this paper, we estimate a VAR model to present an empirical finding that an unexpected rise in th...
Starting with accelerator models designed to capture the inventory cycle, inventory behavior has att...
Why did the volatility of U.S. real GDP decline by more than the volatility of final sales with the ...
The aim of this paper is the identification of structural shocks which affect the dynamics of sector...
We study the implications of a stockout constraint in a dynamic general equilibrium model, which can...
We study the implications of a stockout constraint in a dynamic general equilibrium model, which can...
Competitive producers hold inventories to reduce costs of adjusting production and to reduce marketi...
A stylized fact associated with inventory behavior is that the variance of production exceeds the va...
From quarterly postwar US and French data, this paper provides evidence of a bounce-back effect in i...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
We study the determinants of inventory accumulation in a structural VAR framework with news shocks. ...
We study the determinants of inventory accumulation in a structural VAR framework with news shocks. ...
The procyclicality of inventory investment is a central feature of US business cycles. As such, it p...
Inventories are an important, highly volatile and forward looking component of the business cycle, ...
In this paper, we estimate a VAR model to present an empirical finding that an unexpected rise in th...
In this paper, we estimate a VAR model to present an empirical finding that an unexpected rise in th...
Starting with accelerator models designed to capture the inventory cycle, inventory behavior has att...
Why did the volatility of U.S. real GDP decline by more than the volatility of final sales with the ...
The aim of this paper is the identification of structural shocks which affect the dynamics of sector...
We study the implications of a stockout constraint in a dynamic general equilibrium model, which can...
We study the implications of a stockout constraint in a dynamic general equilibrium model, which can...
Competitive producers hold inventories to reduce costs of adjusting production and to reduce marketi...
A stylized fact associated with inventory behavior is that the variance of production exceeds the va...
From quarterly postwar US and French data, this paper provides evidence of a bounce-back effect in i...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...