01665cas a2200253 a 4500 AALejournalIMF006730 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455205431 1018-5941 BD-DhAAL BD-DhAAL Hoffmaister, Willy. Cyclical Behavior of Inventories and Growth Projections Recent Evidence From Europe and the United States / Willy Hoffmaister, Jens Clausen. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the United States and a few European countries, inventory behavior is mainly the outcome of demand shocks: a standard buffer-stock model best characterizes these economies. But most European countries are described by a modified buffer-stock model where supply shocks dominate. In contrast to the United States, inventories boost growth with a one-year lag in Europe. Moreover, inventories provide limited information to improve growth forecasts particularly when a modified buffer-stock model characterizes inventory behavior. Mode of access: Internet Clausen, Jens. IMF Working Papers; Working Paper ; No. 2010/212 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/212/001.2010.issue-212-en.xml IMF e-Library