Evidence From Seven Countries on Whether Inventories Smooth Aggregate Output

Casual examination of annual postwar data on inventories and aggregate output for seven developed countries -- Canada, France, West Germany, Italy, Japan, United Kingdom, United States -- suggests that in these countries the primary function of aggregate inventories is not to smooth aggregate output in the face of aggregate demand shocks. Japan is a possible exception to this generalization.

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Year of publication:	1988-07
Authors:	West, Kenneth D.
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	EFG published as Engineering Costs and Production Economics, 1989. Number 2664
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005829362