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Real Inventory Slowdowns

David O. Lucca, Casey McQuillan and Richard Crump ()
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David O. Lucca: Federal Reserve Bank
Casey McQuillan: Research and Statistics Group

No 20191118, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Inventory investment plays a central role in business cycle fluctuations. This post examines whether inventory investment amplifies or dampens economic fluctuations following a tightening in financial conditions. We find evidence supporting an amplification mechanism. This analysis suggests that inventory accumulation will be a drag on economic activity this year but provide a boost in 2020.

Keywords: money market funds; monetary policy; deposit beta; pass-through (search for similar items in EconPapers)
Date: 2019-11-18
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