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Title:Abnehmende Bedeutung der Lagerinvestitionen für den Konjunkturverlauf? PDF Logo
Authors:Döpke, Jörg
Langfeldt, Enno
Issue Date:1997
Series/Report no.:Kiel Working Papers 815
Abstract (Translated):With the widespread application of inventory control Systems in industry and trade and a fast growing Services sector the influence of inventory changes on the business sector should become less important over time. However, the empirical eyidence for Germany in the period 1970-1994 shows that especially at cyclical turning-points inventory fluctuations continue to have a major impact on overall oütput. Additional research süggests that inventones in Germany are not part of the monetary transmission mechanism but work as an accelerator when there is a turnaround in final demand.
business cycles
Document Type:Working Paper
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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