Seasonality and Capacity: An Application to Italy
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Summary:
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.
Series:
Working Paper No. 2000/080
Subject:
Business cycles Economic growth Economic sectors Environment Industrial production Manufacturing National accounts Non-renewable resources Production Transportation
English
Publication Date:
April 1, 2000
ISBN/ISSN:
9781451850291/1018-5941
Stock No:
WPIEA0802000
Pages:
27
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