We propose an augmented version of the RBC model that can take into account the existence of lags in observation of demand shocks. This hypothesis seems to be a good framework to account for inventories fluctuations. We find some evidence showing the introduction of lag in observation as well as...

The aim of this paper is the identification of structural shocks which affect the dynamics of sectoral inventories, through an analysis of the forecasting error variance decomposition. This identification is achieved using the American and French time series of aggregate production, sectoral...