Research Discussion Paper – RDP 9306 Inventories and the Business Cycle

Contents

• Introduction
• A Model of Inventory Investment
• Inventory Investment in Australia
• Demand, Costs and Inventories: Evidence from Survey Data
• Summary and Conclusions
• Appendix 1: Data
• Appendix 2: Alternative Regression Results
• References

We are grateful to Tom Rohling and Richard De Abreu Lourenco for helpful research assistance and to participants at the Reserve Bank Research Seminar for helpful discussions. Any errors are ours alone. The views expressed herein are those of the authors and do not necessarily reflect those of the Reserve Bank of Australia.