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http://hdl.handle.net/10419/19477
  

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dc.contributor.authorKnetsch, Thomas A.en_US
dc.coverage.temporal1970-2003en_US
dc.date.accessioned2009-01-28T15:58:50Z-
dc.date.available2009-01-28T15:58:50Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/19477-
dc.description.abstractInventory fluctuations are an important phenomenon in business cycles. However, the preliminary data on inventory investment as published in the German national accounts are tremendously prone to revision and therefore ill-equipped to diagnose the current stance of the inventory cycle. The Ifo business survey contains information on the assessments of inventory stocks in manufacturing as well as in retail andwholesale trade. Static factor analysis anda methodbuild ing on canonical correlations are appliedto construct a composite index of inventory fluctuations. Based on recursive estimates, the different variants are assessedas regards the stability of the weighting schemes andthe ability to forecast the "true" inventory fluctuations better than the preliminary official releases.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,10en_US
dc.subject.jelE22en_US
dc.subject.jelC32en_US
dc.subject.jelC52en_US
dc.subject.ddc330en_US
dc.subject.keywordinventory investmenten_US
dc.subject.keywordrevisionsen_US
dc.subject.keywordcomposite indicesen_US
dc.subject.keywordcanonical correlationen_US
dc.subject.keywordfactor modelsen_US
dc.subject.keywordnational accounts dataen_US
dc.subject.keywordIfo business surveyen_US
dc.subject.keywordGermanyen_US
dc.subject.stwLagerzyklusen_US
dc.subject.stwKonjunkturumfrageen_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwDeutschlanden_US
dc.titleEvaluating the German Inventory Cycle Using Data from the Ifo Business Surveyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn386889457en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:2019-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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