Why Do Real and Nominal Inventory-Sales Ratios Have Different Trends
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This note explains the diverging trends between real and nominal aggregate inventory-sales ratios. The combined effect of two features of the data explains the divergence. First, while aggregate sales include both goods and services, inventories include only goods. Second, there has been a strong
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美国国家经济研究局创建时间：
2004-08-01
