The Cyclical Pattern of Inventory Investment

Abstract

I. Description of the over-all pattern, 385. — II. The analysis of individual commodity stocks, 388. — III. Its explanatory significance, 390. — IV. Active and passive inventory investment, 394. — V. Is passive inventory investment a moderating influence? 402. — VI. The shortening of the output lag in the downswing, 404. — VII. Changes in inventory investment in booms and in slumps, 406.