What Inventory Behavior Tells Us About Business Cycles

Mark Joseph Bils and James A Kahn ()

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: We argue that the behavior of manufacturing inventories provides evidence against models of business cycle fluctuations based on productivity shocks, increasing returns to scale, or favorable externalities, whereas it is consistent with models with short-run diminishing returns and procyclical work effort.

Keywords: BUSINESS CYCLES; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E30 E32 (search for similar items in EconPapers)
Date: 1996
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Related works:
Working Paper: What inventory behavior tells us about business cycles (1998)
Working Paper: What inventory behavior tells us about business cycles (1999)
Working Paper: What Inventory Behavior Tells Us About Business Cycles (1999)
Journal Article: What Inventory Behavior Tells Us about Business Cycles (2000)
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Persistent link: http://EconPapers.repec.org/RePEc:roc:rocher:428

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