macroeconomics, inventory investment, internal-finance fluctuation, business cycle

Bruce C. Petersen

Robert E. Carpenter

Steven M. Fazzari

English

Research Papers in Economics

A Variance Bounds Test of the Linear Quadratic Inventory Model.&quot;

Agency Costs, Net Worth, and Business Fluctuations.&quot;

An Empirical Analysis of Corporate Investment and 136 Brookings Papers on Economic Activity, 2:1994 Financing Hierarchies Using Firm Level Panel Data.&quot; Unpublished paper.

An Empirical Investigation of the Financial Hierarchy Hypothesis: Evidence from Panel Data.&quot;

An Examination of Investor Behavior during Periods of Large Dividend Changes.&quot;

Business Cycles: Theory, History, Indicators, and Forecasting.

Can the Production Smoothing Model of Inventory Behavior Be Saved?&quot;

Capital Theory and Investment Behavior.&quot;

Commercial Paper, Corporate Finance, and the Business Cycle: A Microeconomic Perspective.&quot; Paper prepared for the Carnegie-Rochester Conference on Public Policy.

Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have.&quot;

Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups.&quot;

Credit Conditions and the Cyclical Behavior of Inventories.&quot;

Credit in the Macroeconomy.&quot; Feder-al Reserve Bank of New York Qiuarterly Review

Credit Rationing in Markets with Imperfect Information.&quot;

Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data.&quot;

Distinguishing Theories of the Monetary Transmission Mechanism.&quot; Paper prepared for the Economic Policy Conference, Federal Reserve Bank of St. Louis,

Distribution of Incomes of Corporations among Dividends, Retained Earnings, and Taxes.&quot; American Economic Review Papers and

Do Average Tax Rates Matter for Corporate Investment?&quot; Ph.D. dissertation.

Economic Activity and the Short-term Credit Markets: An Analysis of Prices and Quantities.&quot;

Examining Alternative Macroeconomic Theories.&quot;

Financial Aspects of Economic Development.&quot;

Financial Structure and Aggregate Economic Activity: An Overview.&quot;

Financing Constraints and Corporate Investment.&quot;

Firm Heterogeneity, Internal Finance, and 'Credit Rationing'.&quot;

Increasing Indebtedness and Financial Stability in the United States.&quot; In Debt, Financial Stability, and Public Policy, edited by Stephen H. Axilrod and others. Kansas City, Mo.: Federal Reserve Bank of Kansas City.

Internal Net Worth and the Investment Process: An Application to U.S. Agriculture.&quot;

Inventories and Biusiness Cycles, with Special Reference to Vianufacturers' Inventories.

Inventories and Sticky Prices: More on the Microfoundations of Macroeconomics.&quot;

Inventories and the Volatility of Production.&quot;

Inventories as Factors of Production and Economic Fluctuations.&quot;

Investment, Financial Factors, and Cash Flow: Evidence from U. K. Panel Data. &quot;

Is There a 'Credit Channel' for Monetary Policy?&quot; Paper prepared for the Economic Policy Conference, Federal Reserve Bank of St. Louis,

Is There a Corporate Debt Crisis?&quot;

John Maynard Keynes.

Joint Production, Quasi-Fixed Factors of Production, and Investment in Finished Goods Inventories.&quot;

Macro Theory and the Recession of 1990-1991.&quot;

Managerial Accoutnting: Concepts for Planning, Control, Decision Making, third ed.

Monetary Policy and Bank Lending.&quot; In Monetaiy Policy, edited by N. Gregory Mankiw.

Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance.&quot;

Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms.&quot;

Money and the Real World.

More on the Speed of Adjustment in Inventory Models.&quot;

Production and Inventory Control at the General Motors Corporation during the 1920s and 1930s.&quot;

Production Smoothing Evidence from Physical-Product Data.&quot;

R&D and Internal Finance: A Panel Study of Small Firms in High-Tech Industries.&quot;

Seasonality, Aggregation, and the Testing of the Production Smoothing Hypothesis.&quot;

Seasonality, Cost Shocks, and the Production Smoothing Models of Inventories.&quot;

Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment.&quot;

Sources of the Financing Hierarchy for Business Investment.&quot;

Taking Stock: A Critical Assessment of Recent Research on Inventories.&quot;

Tax Reform and Corporate Investment: A Microeconometric Simulation Study.&quot; In Behavioral Simulation Methods in Tax Policy Analysis, edited by Martin Feldstein.

The Cost of Capital, Corporation Finance, and the Theory of Investment.&quot;

The Determinants of Business Investment: Has Capital Spending Been Surprisingly Low?&quot; New England Economic Review (January/February):

The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds.&quot; Working Paper 4699.

The Employment Relationship: Job Attachment, Work Effort, and the Nature of Contracts.&quot;

The Federal Funds Rate and the Channels of Monetary Transmission.&quot;

The Financial Accelerator and the Flight to Quality.&quot; Working Paper 4789.

The Importance of Seasonality in Inventory Models.&quot;

The Nature and Stability of Inventory Cycles.&quot;

The Production and Inventory Behavior of the American Automobile Industry.&quot;

The Production-Smoothing Model is Alive and Well.&quot;

The Resurgence of Inventory Research: What Have We Learned?&quot;

The Role of Credit Market Imperfections in the Monetary Transmission Mechanism: Arguments and Evidence.&quot;

Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure.&quot;

Understanding Business Cycles.&quot;

Was This Recession Different? Are They All Different?&quot;

What Happens during Buisiness Cycles, A Progress Report.

Why Do Countries and Industries with Large Seasonal Cycles Also Have Large Business Cycles?&quot;

Will Just-In-Time Inventory Techniques Dampen Recessions?&quot; Federal Reserve Bank of Kansas City Economic Review

Working Capital and Fixed Investment: New Evidence on Finance Constraints.&quot;

Inventory Investment, Internal-Finance Fluctuation, and the Business Cycle

http://www.brookings.edu/~/media/Files/Programs/ES/BPEA/1994_2_bpea_papers/1994b_bpea_carpenter_fazzari_petersen_kashyap_friedman.pdf

Inventory Investment, Internal-Finance Fluctuation, and the Business Cycle

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Research Papers in Economics