publication . Article . 1995

Recent evidence on the muted inventory cycle

Andrew J. Filardo;
Open Access
  • Published: 01 Jan 1995
Abstract
Inventories play an important role in business cycles. Inventory build-ups add momentum to the economy during expansions, while inventory liquidations sap economic strength during recessions. In addition, because inventory fluctuations are notoriously difficult to predict, they present considerable uncertainty in assessing the economic outlook.> The role of inventories in shaping the current outlook for the U.S. economy is particularly uncertain. In the early 1990s, inventory swings appeared less pronounced than usual, leading some analysts to conclude the business cycle might now be more muted. New inventory control practices, they believed, were permanently di...
Subjects
free text keywords: Business cycles ; Inventories
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