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Keywords:Automobile industry and trade 

Working Paper
Lean manufacturing and the decision to vertically integrate: some empirical evidence from the U.S. automobile industry

The introduction of a new manufacturing system provides a unique opportunity to analyze its effects on the governance structure of vertical relationships. This paper focuses on the possible effects of lean manufacturing on the decision to vertically integrate. Transaction cost theory provides the framework for the analysis. Lean manufacturing is characterized by a high degree of mutual commitment between up- and downstream firms; this is expected to lead to the formation of contractual vertical relationships. This analysis utilizes a new data set obtained directly from U.S. automobile ...
Working Paper Series, Regional Economic Issues , Paper 94-1

Economy to turn the corner in 2010

According to participants in the Chicago Fed?s annual Automotive Outlook Symposium, the nation?s economic decline is forecasted to bottom out this year; solid economic growth is expected in 2010?with inflation staying contained but the unemployment rate remaining high. Light vehicle sales are predicted to fall sharply this year and then to improve in 2010.
Chicago Fed Letter , Issue Aug

Journal Article
Core CPI: excluding food, energy ... and used cars?

Although used car prices represent only a small portion of the consumer price index, their extreme volatility has had a major impact on the measured inflation rate. To explain this relationship, the authors describe how used cars are treated in the CPI and explore what might cause the wide swings in used car prices.
Current Issues in Economics and Finance , Volume 2 , Issue Apr

Working Paper
Vehicle ownership, vehicle acquisitions and the growth of auto leasing: evidence from consumer surveys

This paper documents the basic features of data on motor vehicles from the Federal Reserve Board's Survey of Consumer Finances and the Bureau of Labor Statistics' Consumer Expenditure Survey. Despite some methodological differences between the two surveys, we find that they yield strikingly similar pictures of households' vehicle holdings. The survey data are also quite consistent with population estimates of vehicle stocks obtained from other sources. Finally, we document the growth of auto leasing by consumers, and find little evidence for the commonly-held view that liquidity constraints ...
Finance and Economics Discussion Series , Paper 96-35

Journal Article
Determinants of supplier plant location: evidence from the auto industry

Economic Perspectives , Volume 29 , Issue Q III

Journal Article
U.S. cars grow old

Cross Sections , Volume 8 , Issue Fall , Pages 4-7

Working Paper
Information sharing and competition in the motor vehicle industry

Up to six months ahead of actual production, U.S. automakers announce plans for their monthly domestic production of cars. A leading industry trade journal publishes the initial plan and then a series of revisions leading up to the month in question. We analyze a panel data set spanning the years 1965--1995, matching the production forecasts with data for actual monthly production. We show that a firm's plan announcement affects competitors' later revisions of their own plans and eventual production. The interaction appears to be complementary---large plans or upward revisions cause ...
Finance and Economics Discussion Series , Paper 1997-4

Caution ahead—challenges to the Midwest’s role in the auto industry

This article examines the recent break in the relationship between motor vehicle production and the auto region?s employment, particularly the impact of the decline in Big Three market share.
Chicago Fed Letter , Issue Feb

Auto outlook: is the engine idling or stalling?

Chicago Fed Letter , Issue Aug

Working Paper
Motor vehicle stocks, scrappage, and sales

This paper offers a new framework for analyzing aggregate sales of new motor vehicles that incorporates separate models for the change in the vehicle stock and for the rate of vehicle scrappage. Because this approach requires only a minimal set of assumptions about demographic trends, the state of the economy, consumer "preferences," new vehicle prices and repair costs, and vehicle retirements, it is shown to be especially useful as a macroeconomic forecasting tool. In addition, a new historical annual time series estimate of motor vehicle stocks in the United States is presented.
Finance and Economics Discussion Series , Paper 96-40



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Klier, Thomas H. 19 items

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