منابع مشابه
1 “ Inventory Investment and Output Volatility ”
This paper reports the results of a detailed examination of the hypothesis that improved inventory management and production techniques are responsible for the decline in the volatility of U.S. GDP growth. Our innovations are to look at the data at a finer level of disaggregation than previous studies, to exploit cross-sectional heterogeneity to obtain clearer identification of this hypothesis,...
متن کاملInventory investment and the cost of capital
We examine the relation between inventory investment and the cost of capital in the time series and the cross section. We find consistent evidence that risk premiums, rather than real interest rates, are strongly negatively related to future inventory growth at the aggregate, industry, and firm levels. The effect is stronger for firms in industries that produce durables rather than nondurables,...
متن کاملInventory Investment and the Real Interest Rate
The relationship between inventory investment and the real interest rate has been difficult to assess empirically. Recent work has proposed a linear-quadratic inventory model with time-varying discount factor to identify the effects of real interest rate on inventory investment. The authors show that this framework does not separately identify the effects of real interest rate on inventory inve...
متن کاملInventory, investment, and pricing policies for lot-size decision makers
In this paper, we construct and analyze inventory and investment in quality im provement policies under return on investment (ROI) maximization. In our model, the level of quality is represented by the fraction of an order quantity meeting the quality requirements such £is product specifications. The key contributions of this paper are the establishment of an ROI model and characterization of ...
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ژورنال
عنوان ژورنال: Brookings Papers on Economic Activity
سال: 1970
ISSN: 0007-2303
DOI: 10.2307/2534240