The production-smoothing model is alive and well
نویسندگان
چکیده
منابع مشابه
The Production-smoothing Model Is Alive and Well
Monthly data in physical units for seven industries are used to examine the production-smwthing hypothesis. The results strongly support this hypothesis. Significant effects of expected future sales on current production are found for four industries. and the estimated decision equations for all seven industries imply production-smoothing behavior. The previous negative results appear to be due...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 1989
ISSN: 0304-3932
DOI: 10.1016/0304-3932(89)90026-3