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What Inventory Behavior Tells Us About Business Cycles

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NBER1999-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7310
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资源简介:
Manufacturers' finished goods inventories move less than shipments over the business cycle. We argue that this requires marginal cost to be more procyclical than is conventionally measured. We construct, for six manufacturing industries, alternative measures of marginal cost that attribute high
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1999-08-01
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