search query: @author Cecchetti, S. / total: 3
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| Author: | Cecchetti, S. Kashyap, A. Wilcox, D. |
| Title: | Interactions between the seasonal and business cycles in production and inventories |
| Journal: | American Economic Review
1997 : DEC, VOL. 87:5, p. 884-892 |
| Index terms: | REVIEW BUSINESS CYCLES PRODUCTION |
| Language: | eng |
| Abstract: | This paper shows that in several American manufacturing industries, the seasonal; variability of production and inventories varies with the state of the business cycles. The authors present a simple model which implies that if firms reduce the seasonal; variability of their production as the economy strengthens, and they either hold constant or increase the stock of inventories, they bring into the high-production seasons of the year, then they must be facing upward-sloping and convex marginal cost curves. |
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