What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs
| dc.contributor.author | Gertz, C. | |
| dc.contributor.author | Gunn, C. | |
| dc.contributor.author | Lubik, T. | |
| dc.date.accessioned | 2025-04-02T04:02:20Z | |
| dc.date.available | 2025-04-02T04:02:20Z | |
| dc.date.issued | 2022-03 | |
| dc.description.abstract | We study the determinants of inventory accumulation in a structural VAR framework with news shocks. Specifically, we investigate how news shocks affect two key determinants of inventory movements, namely rates of return and marginal costs. We establish that inventories react strongly and positively to news about future increases in total factor productivity. We provide evidence that changes in external and internal rates of return are central to the transmission for such news shocks. We do not find evidence for a dominant role of marginal costs. | |
| dc.identifier.issn | 2206-0332 | |
| dc.identifier.uri | https://hdl.handle.net/1885/733746006 | |
| dc.language.iso | en_AU | |
| dc.provenance | The publisher permission to make it open access was granted in November 2024 | |
| dc.publisher | Crawford School of Public Policy, The Australian National University | |
| dc.relation.ispartofseries | CAMA Working Paper 53/2022 | |
| dc.rights | Author(s) retain copyright | |
| dc.source | Centre for Applied Macroeconomic Analysis Working Papers | |
| dc.source.uri | https://crawford.anu.edu.au | |
| dc.title | What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs | |
| dc.type | Working/Technical Paper | |
| dcterms.accessRights | Open Access | |
| dspace.entity.type | Publication | |
| local.bibliographicCitation.issue | 53/2022 | |
| local.type.status | Published Version |