Seasonality, Cost Shocks, and the Production Smoothing Model of Inventories
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A great deal of research on the empirical behavior of inventories examines some variant of the production smoothing model of finished goods inventories. The overall assessment of this model that exists in the literature is quite negative: there is little evidence that manufacturers hold inventories
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美国国家经济研究局创建时间：
1987-08-01
