Resource title

The Inventory Cycle of the German Economy

Resource image

image for OpenScout resource :: The Inventory Cycle of the German Economy

Resource description

Using aggregate data, the paper analyzes the importance of inventory investment for German business cycles since 1960. In contrast to U.S. experience, the traditional productionsmoothing/ buffer-stock model is not rejected by empirical evidence. Preliminary national accounts data of inventory investment have particularly poor quality. In order to be able to analyze recent stockbuilding trends in Germany, we propose a composite index aggregating information drawn from monthly production and sales statistics as well as from the Ifo business survey.

Resource author

Thomas A. Knetsch

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19476

Resource license

Adapt according to the presented license agreement and reference the original author.