Cyclical behavior of inventories and growth projections : recent evidence from Europe and the United States /

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Bibliographic Details
Author / Creator:Clausen, Jens R., author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2010.
Description:1 online resource (38 pages) : color illustrations.
Language:English
Series:IMF working paper ; WP/10/212
IMF working paper ; WP/10/212.
Subject:Inventories -- Mathematical models.
Business cycles.
Business cycles.
Inventories -- Mathematical models.
Electronic books.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499788
Hidden Bibliographic Details
Other authors / contributors:Hoffmaister, Alexander W., author.
International Monetary Fund. European Department, issuing body.
ISBN:1283563673
9781283563673
9781455220311
1455220310
Notes:Includes bibliographical references.
Print version record.
Summary:In the United States and a few European countries, inventory behavior is mainly the outcome of demand shocks: a standard buffer-stock model best characterizes these economies. But most European countries are described by a modified buffer-stock model where supply shocks dominate. In contrast to the United States, inventories boost growth with a one-year lag in Europe. Moreover, inventories provide limited information to improve growth forecasts particularly when a modified buffer-stock model characterizes inventory behavior.
Other form:Print version: Hoffmaister, Alexander W. Cyclical Behavior of Inventories and Growth Projections Recent Evidence from Europe and the United States. Washington : International Monetary Fund, ©2010 9781455205431