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Declining Volatility in the U.S. Automobile Industry

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NBER2005-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11596
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This paper documents the dramatic changes in volatility that occurred in the U.S. auto industry in the early 1980s. Namely, output volatility declined significantly, the covariance of inventory investment and sales became much more negative, and adjustments to output, which in earlier decades
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2005-09-01
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