The Evolution of Inventory Dynamics in a Post-Crisis Economy PDF Download
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Author: Corey Williams
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Inventories are of historical importance to describing business cycles and production volatility. While research in inventories is relatively mature, the growing attention to global value chains and commodity shortages in recent quarters warrants a return and critical reassessment of inventories as a business cycle feature. Herein, we estimate the persistence, volatility, and adjustment rates of inventories over different periods, paying particular attention to the period following the Financial Crisis. We find through the estimation of a flexible accelerator model that inventories continue to exhibit strong persistence while the persistence of sales has simultaneously diminished. Using standard volatility metrics within the literature, we illustrate that production volatility relative to sales volatility is highest from 2007 onward. Finally, we uncover evidence from several vector error correction models that the adjustment speed and cointegrating relationship between inventory and sales has deteriorated in the years following the Financial Crisis. This evidence suggests the need for a structural model that can identify the mechanisms underlying these critical changes in inventory dynamics during the post-crisis era.
Author: Corey Williams
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Inventories are of historical importance to describing business cycles and production volatility. While research in inventories is relatively mature, the growing attention to global value chains and commodity shortages in recent quarters warrants a return and critical reassessment of inventories as a business cycle feature. Herein, we estimate the persistence, volatility, and adjustment rates of inventories over different periods, paying particular attention to the period following the Financial Crisis. We find through the estimation of a flexible accelerator model that inventories continue to exhibit strong persistence while the persistence of sales has simultaneously diminished. Using standard volatility metrics within the literature, we illustrate that production volatility relative to sales volatility is highest from 2007 onward. Finally, we uncover evidence from several vector error correction models that the adjustment speed and cointegrating relationship between inventory and sales has deteriorated in the years following the Financial Crisis. This evidence suggests the need for a structural model that can identify the mechanisms underlying these critical changes in inventory dynamics during the post-crisis era.
Author: Aleksandr V. Gevorkyan
Publisher: Springer
ISBN: 1137522461
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
This collection empirically and conceptually advances our understanding of the intricacies of emerging markets’ financial and macroeconomic development in the post-2008 crisis context. Covering a vast geography and a broad range of economic viewpoints, this study serves as an informed guide in the unchartered waters of fundamental uncertainty as it has been redefined in the post-crisis period. Contributors to the collection go beyond risks-opportunities analyses, looking deeper into the nuanced interpretations of data and economic categories as interplay of developing world characteristics in the context of redefined fundamental uncertainty. Those concerns relate to the issues of small country finance, the industrialization of the developing world, the role of commodity cycles in the global economy, sovereign debt, speculative financial flows and currency pressures, and connections between financial markets and real markets. Compact and comprehensive, this collection offers unique perspectives into contemporary issues of financial deepening and real macroeconomic development in small developing economies that rarely surface in the larger policy and development debates.
Author: Irakli Kovzanadze
Publisher: iUniverse
ISBN: 1532047029
Category : Business & Economics
Languages : en
Pages : 175
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Book Description
Almost ten years have passed since the onset of the global economic crisis, but scientists, businesspeople, bankers, and politicians continue to argue about its causes and whether it could have been prevented. The anticrisis measures that were taken also remain in dispute, and if you ask ten different economists which direction the economy is going, youll likely get ten different answers. Irakli Kovzanadze, a career banker and financier, examines the crisis, including its effects on the worlds social and political development in this important book. He highlights the following: causes of the crisis, including a dangerous triad of deregulation, financial innovation, and the speculative nature of doing business anticrisis measures at the national, regional, and international levels measures for reforming rating agencies that occupy an exceptionally important place in the modern global economy. From the origins and development of the crisis in the United States of America and Europe, to its ultimate spread, and on to ways the crisis was overcome, this book is an essential resource for aspiring macroeconomists, geopoliticians, bankers, students, and business professionals.
Author: Martin Gasser
Publisher: International Labour Organization
ISBN: 9789221164296
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
Author: Ramesh Babu Thimmaraya
Publisher: Emerald Group Publishing
ISBN: 1787547841
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
This book primarily focuses on the dynamic relationship between the financial and the economic systems of twelve major economies in the world.
Author: Mohamad Y. Jaber
Publisher: CRC Press
ISBN: 9780367385323
Category :
Languages : en
Pages : 242
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Book Description
As markets become more dynamic and competitive, companies must reconsider how they view inventory and make changes to their production and inventory systems. They must begin to think outside the classical box and develop a new paradigm of inventory management. Exploring the trend away from classical models based on economic order quantities to dependent demand systems, Inventory Management: Non-Classical Views comes as a just-in-time resource. Explore the new role of inventories in business enterprises This book discusses a new paradigm for inventory management that is responsive to dynamic changes in the economy. It explores: Inventory systems that provide flexibility Inventory performance measures other than using cost as a means to control inventory Inventory as a contributor to customer value creation, rather than a liability The book also examines why energy and the environment are to be considered in inventory decisions, the non-classical application of inventory management in fields such as healthcare and disaster relief, and non-classical approaches to measuring the performance of inventory such as information theory, fuzzy sets, and thermodynamics. While many factors may change, one certainty is that the global economy is becoming increasingly dynamic. Planting the seeds for new research in inventory control and management, this book outlines the evolving role of inventories in business enterprises. It explores how to create inventory management as a tool for continued success regardless of market fluctuations and economic variances.
Author: Mohamed El Hedi Arouri
Publisher: Springer Science & Business Media
ISBN: 3790823899
Category : Business & Economics
Languages : en
Pages : 214
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Book Description
Emerging markets have received a particular attention of academic researchers and practitioners since they decided to open their domestic capital markets to foreign participants about three decades ago. At the same time, we remark that theoretical and empirical research in emerging stock markets has been particularly challenged by their fast changes in nature and size under the effects of financial liberalization and reforms. This evolving feature has particularly led to a commensurate increase in sophistication of modeling techniques used for understanding financial markets. In this spirit, the book aims at providing the audience a comprehensive understanding of emerging stock markets in various aspects using modern financial econometric methods. It addresses the empirical techniques needed by economic agents to analyze the dynamics of these markets and illustrates how they can be applied to the actual data. On the other hand, it presents and discusses new research findings and their implications.
Author: Emmanuel Haven
Publisher: Springer
ISBN: 1137494492
Category : Business & Economics
Languages : en
Pages : 334
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Book Description
The 2008 financial crisis was a watershed moment which clearly influenced the public's perception of the role of 'finance' in society. Since 2008, a plethora of books and newspaper articles have been produced accusing the academic community of being unable to produce valid models which can accommodate those extreme events. This unique Handbook brings together leading practitioners and academics in the areas of banking, mathematics, and law to present original research on the key issues affecting financial modelling since the 2008 financial crisis. As well as exploring themes of distributional assumptions and efficiency the Handbook also explores how financial modelling can possibly be re-interpreted in light of the 2008 crisis.
Author: Jonathan McCarthy
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 31
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Book Description
"By historical standards, the U.S. economy has experienced a period of remarkable stability since the mid-1980s. One explanation attributes the diminished variability of economic activity to information-technology-led improvements in inventory management. Our results, however, indicate that the changes in inventory dynamics since the mid-1980s played a reinforcing--rather than a leading--role in the volatility reduction. A decomposition of the reduction in the volatility of manufacturing output shows that it almost entirely reflects a decline in the variance of the growth contribution of shipments. And although the volatility of total inventory investment has fallen, the decline occurred well before the mid-1980s and was driven by the reduced variability of materials and supplies. Our analysis does show that since the mid-1980s, inventory dynamics have played a role in stabilizing manufacturing production: Inventory 'imbalances' are corrected more rapidly, and the quicker response of inventories to aggregate shocks--at all stages of fabrication--buffers production from fluctuations in sales to a greater extent. But more extensive production smoothing and faster dissolution of inventory imbalances appear to be a consequence of changes in the way industry-level sales and aggregate economic activity respond to shocks, rather than a cause of changes in macroeconomic behavior"--Federal Reserve Bank of New York web site.
Author: Mehmet Odekon
Publisher: Routledge
ISBN: 1317475755
Category : Business & Economics
Languages : en
Pages : 1736
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Book Description
This timely and authoritative set explores three centuries of good times and hard times in major economies throughout the world. More than 400 signed articles cover events from Tulipmania during the 1630s to the U.S. federal stimulus package of 2009, and introduce readers to underlying concepts, recurring themes, major institutions, and notable figures. Written in a clear, accessible style, "Booms and Busts" provides vital insight and perspective for students, teachers, librarians, and the general public - anyone interested in understanding the historical precedents, causes, and effects of the global economic crisis. Special features include a chronology of major booms and busts through history, a glossary of economic terms, a guide to further research, an appendix of primary documents, a topic finder, and a comprehensive index. It features 1,050 pages; three volumes; 8-1/2" X 11"; topic finder; photos; chronology; glossary; primary documents; bibliography; and, index.
