Why do real and nominal inventory-sales ratios have different trends
By: Valerie A. Ramey, Daniel J. Vine.
Contributors: Vine, Daniel J.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10703; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10703.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Inventories -- Accounting.; Inventories -- Management.
Description: "This note explains the diverging trends between real and nominal aggregate inventory-sales ratios.  The combined effect of two features of the data explains the divergence.  First, while aggregate sales include both goods and services, inventories include only goods.  Second, there has been a strong secular decrease in the relative price of goods.  The combination of these two factors causes the real and nominal aggregate inventory-sales ratios to have different trends"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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