TY  - JOUR
AU  - West,Kenneth D.
TI  - Evidence From Seven Countries on Whether Inventories Smooth Aggregate Output
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2664
PY  - 1988
Y2  - July 1988
UR  - http://www.nber.org/papers/w2664
L1  - http://www.nber.org/papers/w2664.pdf
N1  - Author contact info:
Kenneth D. West
Department of Economics
University of Wisconsin
1180 Observatory Drive
Madison, WI  53706
Tel: 608/262-0033
Fax: 608/262-2033
E-Mail: kdwest@wisc.edu
AB  - 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.
ER  -