Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2007
that the Great Moderation could have been caused by improved inventory management or less-volatile shocks to energy and …
According to the inventory hypothesis, innovations in inventory management in the
durable-goods sectors have led to reductions ….
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For alternative perspectives on the role of inventory management, see Herrera and Pesavento (2005), Ramey and
Vine …