NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Evidence From Seven Countries on Whether Inventories Smooth Aggregate Output

Kenneth D. West

NBER Working Paper No. 2664
Issued in July 1988
NBER Program(s):   EFG

Casual examination of annual postwar data on inventories and aggregate output for seven developed countries -- Canada, France, West Germany, Italy, Japan, United Kingdom, United States -- suggests that in these countries the primary function of aggregate inventories is not to smooth aggregate output in the face of aggregate demand shocks. Japan is a possible exception to this generalization.

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Document Object Identifier (DOI): 10.3386/w2664

Published: Engineering Costs and Production Economics, 1989. citation courtesy of

 
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