Seasonality and Capacity: An Application to Italy
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Bibliographic Details
Main Author: Mini, Federico (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 2000
Series:IMF Working Papers Working Paper No. 00/80
Links:http://elibrary.imf.org/view/IMF001/06125-9781451850291/06125-9781451850291/06125-9781451850291.xml
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Abstract:Information on seasonal frequencies can provide valuable insights for understanding economic fluctuations. This is particularly true for Italy, where the variability of production in manufacturing is extremely high and almost entirely due to seasonal factors. This paper discusses the option of exogenous seasonality resulting from changes in underlying technology and preferences, versus the possibility of endogenous seasonality arising because of synergies across agents. It then highlights the size of the seasonally-driven capacity slack and discusses its relevance from a welfare standpoint
Physical Description:1 Online-Ressource (27 p)
ISBN:1451850298
9781451850291