Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46950
Authors: 
Döpke, Jörg
Langfeldt, Enno
Year of Publication: 
1997
Series/Report no.: 
Kiel Working Paper 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.
Subjects: 
Inventories
business cycles
JEL: 
E32
E37
Document Type: 
Working Paper

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