Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46950 
Year of Publication: 
1997
Citation: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1997
Series/Report no.: 
Kiel Working Paper No. 815
Publisher: 
Kiel Institute of World Economics (IfW), Kiel
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.
Subjects: 
Inventories
business cycles
JEL: 
E32
E37
Document Type: 
Working Paper
Document Version: 
Digitized Version

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