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dc.contributor.authorAbrahamsen, Yngveen_US
dc.contributor.authorHartwig, Jochenen_US
dc.date.accessioned2011-03-25en_US
dc.date.accessioned2011-10-06T15:41:41Z-
dc.date.available2011-10-06T15:41:41Z-
dc.date.issued2011en_US
dc.identifier.pidoi:10.3929/ethz-a-006341658en_US
dc.identifier.urihttp://hdl.handle.net/10419/50442-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesKOF working papers // KOF Swiss Economic Institute, ETH Zurich 271en_US
dc.subject.jelE22en_US
dc.subject.jelE32en_US
dc.subject.jelO52en_US
dc.subject.ddc330en_US
dc.subject.keywordInventory investmenten_US
dc.subject.keywordproductionen_US
dc.subject.keywordbusiness cycleen_US
dc.subject.keywordGreat Recession in Europeen_US
dc.subject.stwLagerinvestitionen_US
dc.subject.stwGesamtwirtschaftliche Produktionen_US
dc.subject.stwEuropaen_US
dc.titleInventory investment and production in Europe: Is there a pattern?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn654818967en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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