Inventories, rational expectations, and the business cycle
نویسندگان
چکیده
منابع مشابه
Inventories and the Business Cycle: An Overview
Investment in business inventories has averaged roughly one-half of 1 percent of real GDP in the United States over the post–World War II period. Given its relatively minor role as a component of output, it might seem curious that inventory investment has traditionally drawn a great deal of interest from macroeconomists and policymakers. One reason is that although the level of inventory invest...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 1981
ISSN: 0304-3932
DOI: 10.1016/0304-3932(81)90012-x