Auernheimer, Leonardo; Trupkin, Danilo - In: Review of Economic Dynamics 17 (2014) 1, pp. 70-85
We examine the role of inventories and capacity utilization (of both capital and labor) for the propagation of business cycle fluctuations. We document a new set of facts regarding the U.S. cyclical regularities of inventories and capacity utilization. First, we find that capital utilization and...