Has Inventory Investment Been Liquidity-Constrained? : Evidence From U.S. Panel Data /
Based on an analysis of high-frequency panel data for U.S. firms, this paper finds that inventory investment has been liquidity-constrained in most periods during 1975-97, but less so, or not at all, during recessions. This result can be justified on the grounds that inventory fluctuations are large...
| Autor Principal: | |
|---|---|
| Outros autores: | |
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2001.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2001/122 |
| Acceso en liña: | Full text available on IMF |