Cyclical Behavior of Inventories and Growth Projections Recent Evidence From Europe and the United States /

In the United States and a few European countries, inventory behavior is mainly the outcome of demand shocks: a standard buffer-stock model best characterizes these economies. But most European countries are described by a modified buffer-stock model where supply shocks dominate. In contrast to the...

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Bibliografiske detaljer
Hovedforfatter: Hoffmaister, Willy
Andre forfattere: Clausen, Jens
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2010.
Serier:IMF Working Papers; Working Paper ; No. 2010/212
Online adgang:Full text available on IMF
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245 1 0 |a Cyclical Behavior of Inventories and Growth Projections Recent Evidence From Europe and the United States /  |c Willy Hoffmaister, Jens Clausen. 
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300 |a 1 online resource (38 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a In the United States and a few European countries, inventory behavior is mainly the outcome of demand shocks: a standard buffer-stock model best characterizes these economies. But most European countries are described by a modified buffer-stock model where supply shocks dominate. In contrast to the United States, inventories boost growth with a one-year lag in Europe. Moreover, inventories provide limited information to improve growth forecasts particularly when a modified buffer-stock model characterizes inventory behavior. 
538 |a Mode of access: Internet 
700 1 |a Clausen, Jens. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/212 
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