EconStor >
Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/19476
  
Title:The Inventory Cycle of the German Economy PDF Logo
Authors:Knetsch, Thomas A.
Issue Date:2004
Series/Report no.:Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,09
Abstract:Using aggregate data, the paper analyzes the importance of inventory investment for German business cycles since 1960. In contrast to U.S. experience, the traditional productionsmoothing/ buffer-stock model is not rejected by empirical evidence. Preliminary national accounts data of inventory investment have particularly poor quality. In order to be able to analyze recent stockbuilding trends in Germany, we propose a composite index aggregating information drawn from monthly production and sales statistics as well as from the Ifo business survey.
Subjects:inventory fluctuations
business cycles
data quality
composite index
Germany
JEL:E22
C32
Document Type:Working Paper
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

Files in This Item:
File Description SizeFormat
200409dkp.pdf415.13 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/19476

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.