This paper examines the relationship between the inventory cycle and the business cycle. It uses both macro-economic data and data from surveys of individual firms’ actual and expected inventory accumulation. It is argued that over the past decade and a half, the amplitude of the inventory...

This paper examines the relationship between the inventory cycle and the business cycle using both macroeconomic and survey data. It is argued that, over the past decade and a half, the changes in inventory management have reduced the amplitude of the inventory cycle. The paper also argues that...

As mobile phones have become commonplace throughout the world there has been an increasing focus on their potential use for making payments. Adoption of mobile payments in developing economies has occurred well ahead of that in advanced economies, reflecting the particularly large benefits these...