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Inventory, Business Cycles and Monetary Transmission

  • Riccardo¬†Fiorito
Conference proceedings

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 413)

Table of contents

  1. Front Matter
    Pages I-VI
  2. Introduction

    1. Riccardo Fiorito
      Pages 1-7
  3. Inventory Theory and Data

    1. Front Matter
      Pages 9-9
    2. Michael C. Lovell
      Pages 11-35
  4. Inventory and Monetary Transmission

    1. Front Matter
      Pages 59-59
    2. Lawrence J. Christiano
      Pages 61-124
  5. Inventory and Labor Market

    1. Front Matter
      Pages 173-173
  6. Econometrics of the Linear Quadratic Inventory Model

    1. Front Matter
      Pages 207-207
    2. Tryphon Kollintzas
      Pages 227-252
  7. Back Matter
    Pages 283-290

About these proceedings

Introduction

Inventory changes constitute in all countries a small fraction of the Gross National Product but also a major source or an indicator of cyclical fluctuations. In this volume both possible ways of propagation are investigated by examining in the first part what macroeconomists have learned and still have to learn about inventories in the light of statistical definitions and problems. In the second part, the role of monetary shocks in propagating business cycles is considered through liquidity effects and in relation to inventory adjustment. A possible linkage between inventory and labor market is shown. Finally, new evidence and theoretical insights are provided on the linear-quadratic inventory model and its ability to discriminate econometrically among competing firm behavior.

Keywords

Geld Geldpolitik Inventory Konjunkturzyklen Lagerhaltung business cycle econometrics economics liquidity macroeconomics modeling monetary policy

Editors and affiliations

  • Riccardo¬†Fiorito
    • 1
  1. 1.Department of EconomicsUniversity of SienaSienaItaly

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-46806-3
  • Copyright Information Springer-Verlag Berlin Heidelberg 1994
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-57984-7
  • Online ISBN 978-3-642-46806-3
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site