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Incorporating inventories into supply and demand analysis

Author

Listed:
  • Sexton, Robert L.
  • Clower, Robert W.
  • Graves, Philip E.
  • Lee, Dwight R.

Abstract

While the paper lacks a formal abstract, it draws the important distinction between stocks and flows in supply and demand to better understand the business cycle.

Suggested Citation

  • Sexton, Robert L. & Clower, Robert W. & Graves, Philip E. & Lee, Dwight R., 1992. "Incorporating inventories into supply and demand analysis," MPRA Paper 19905, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19905
    as

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    File URL: https://mpra.ub.uni-muenchen.de/19905/1/MPRA_paper_19905.pdf
    File Function: original version
    Download Restriction: no
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    References listed on IDEAS

    as
    1. Ackley, Gardner, 1983. "Commodities and Capital: Prices and Quantities," American Economic Review, American Economic Association, vol. 73(1), pages 1-16, March.
    2. Josef Hadar, 1965. "A Note on Stock-Flow Models of Consumer Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 79(2), pages 304-309.
    3. Harrison, Glenn W., 1980. "The stock-flow distinction: A suggested interpretation," Journal of Macroeconomics, Elsevier, vol. 2(2), pages 111-128.
    4. G. C. Archibald & R. G. Lipsey, 1958. "Monetary and Value Theory: A Critique of Lange and Patinkin," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 26(1), pages 1-22.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Romain Plassard, "undated". "The origins, development, and fate of Clower’s ‘stock-flow’ general-equilibrium program," Center for the History of Political Economy Working Paper Series 2016-16, Center for the History of Political Economy.
    2. Kakarot-Handtke, Egmont, 2010. "Axiomatic Basics of e-Economics," MPRA Paper 24331, University Library of Munich, Germany.
    3. Piet-Hein Van Eeghen, 2011. "Rethinking equilibrium conditions in macromonetary theory: A conceptually rigorous approach," Working Papers 255, Economic Research Southern Africa.

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    More about this item

    Keywords

    Inventories; supply and demand; business cycles; stocks versus flows;
    All these keywords.

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • A1 - General Economics and Teaching - - General Economics
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models

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