@techreport{Abrahamsen2011Inventory,
abstract = {The paper investigates the nexus between inventory investment and the change in aggregate production for 29 European countries over the period 2000-2009. A special interest is taken in the Great Recession of 2008/09. For most countries, a fairly uniform pattern emerges. Inventory investment is positively correlated with changes in production and follows the latter with a time-lag of two to three quarters. Therefore, there is no evidence that inventory investment either drives or smoothes the business cycle. Very few countries - Austria, Greece, Spain, and Switzerland - diverge from the typical pattern. This might hint to problems with respect to data quality.},
address = {Z\"{u}rich},
author = {Yngve Abrahamsen and Jochen Hartwig},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
doi = {10.3929/ethz-a-006341658},
keywords = {E22; E32; O52; 330; Inventory investment; production; business cycle; Great Recession in Europe; Lagerinvestition; Gesamtwirtschaftliche Produktion; Europa},
language = {eng},
number = {271},
publisher = {KOF},
title = {Inventory investment and production in Europe: Is there a pattern?},
type = {KOF working papers // KOF Swiss Economic Institute, ETH Zurich},
url = {http://hdl.handle.net/10419/50442},
year = {2011}
}
