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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18841| Title: | Evaluating the German inventory cycle : using data from the Ifo business survey |
| Keywords: | E22 C32 C52 ddc:330 inventory investment revisions composite indices canonical correlation factor models national accounts data Ifo business survey Germany Lagerzyklus Konjunkturumfrage Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | Inventory fluctuations are an important phenomenon in business cycles. However, the preliminary data on inventory investment as published in the German national accounts are tremendously prone to revision and therefore ill-equipped to diagnose the current stance of the inventory cycle. The Ifo business survey contains information on the assessments of inventory stocks in manufacturing as well as in retail and wholesale trade. Static factor analysis and a method building on canonical correlations are applied to construct a composite index of inventory fluctuations. Based on recursive estimates, the different variants are assessed as regards the stability of the weighting schemes and the ability to forecast the ?true? inventory fluctuations better than the preliminary official releases. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18841 |
| Other Identifiers: | http://hdl.handle.net/10419/18841 ppn:389894443 |
| Appears in Collections: | EconStor |
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