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OverviewInventory changes constitute in all countries a small fraction of the Gross National Product (GNP) 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 labour markets 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 behaviour. Full Product DetailsAuthor: Riccardo FioritoPublisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K Edition: Softcover reprint of the original 1st ed. 1994 Volume: 413 Dimensions: Width: 15.50cm , Height: 1.50cm , Length: 23.50cm Weight: 0.462kg ISBN: 9783540579847ISBN 10: 3540579842 Pages: 287 Publication Date: 28 June 1994 Audience: College/higher education , Professional and scholarly , Postgraduate, Research & Scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Out of stock The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of Contents1: 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.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |