Apr 21

Call for Papers: ISIR session at the 2018 ASSA

The International Society for Inventory Research (ISIR) sponsors a session each year at the ASSA meetings.  The 2018 meetings will be held in Philadelphia, PA on January 5-7, 2018. This year the session is being co-organized by Felipe Schwartzman of the Federal Reserve Bank of Richmond and Thomas Winberry of Chicago Booth.

The ISIR encompasses research not just on inventories but also on related areas such as plant and equipment investment, or inventory-theoretic approaches to other areas of economics, including money and liquidity.   Because your research has overlapped with these areas, we hope you will be interested in participating in the ISIR session next January.


If you have (or expect to have) a paper that would be suitable for the session, please send an abstract or a draft of the paper by

May 31, 2017

to Felipe at felipe.schwartzman@rich.frb.org and
to Thomas at Thomas.Winberry@chicagobooth.edu.


James Kahn
Economics Section Head
International Society for Inventory Research




Mar 03

Commemoration of our founding President Kenneth J. Arrow

Kenneth J. Arrow
(1921-2017, ISIR President  1982-1990)

Our founding President  left us on February 21. He was one of the greatest economists of all times, who also put down some of the fundamentals  of several  other branches of social sciences.  For a major obituary, please click here. Besides the magnificent contribution to scientific knowledge  by his own papers, it is worth mentioning that five of his PhD students got later the Nobel Prize.

Ken Arrow was one of the founding fathers  of the mathematical modelling of inventories.  He co-edited and co-authored the book  „Review of studies in the mathematical theory of inventory and production. By K. J. Arrow, S. Karlin, and H. Scarf, Stanford University Press, Stanford, 1958” which is still one of the most cited works of its field. It was the highlight of the series of studies on inventories and related areas which frequently called the “Stanford School” of inventory research. For an analysis of the background see the Girlich, H.J. and Chikan, A. paper.  For a review of the book, please click here >>>

His acceptance in 1982 of the role of President of the newly founded ISIR (endorsed by his former students, Michael C. Lovell and Harvey Wagner, who were founding members of our society) has enormously boosted the organization of ISIR, giving credibility and perspective. He had followed our activity with interest even after resigning from presidency and accepted the title „Honorary President”. His  last visit to Budapest was in 2013, when the attached picture was taken with….



Jan 03

ISIR session at the ASSA meetings, January 7, 2017

The International Society for Inventory Research will have a session at the ASSA meetings in Chicago. It will take place on Saturday, January 7, 2017, 8am-10am, at the Sheraton Grand Chicago, Jackson Park. The session was organized by Felipe Schwartzman of the Richmond Fed.

For more information (including abstracts of the papers), please go to https://www.aeaweb.org/conference/2017/preliminary/1796.

Aggregate Shocks and Investment Dynamics: A Granular View

Default Risk and Aggregate Fluctuations in an Economy with Production Heterogeneity
Aubhik Khan, Ohio State University
Julia K. Thomas, Ohio State University
Tatsuro Senga, Ohio State University

The Role of Firm Heterogeneity and Financial Frictions in Monetary Transmission
Thomas Winberry, University of Chicago
Pablo Ottonello, University of Michigan
Short-Term Shocks and Long-Term Investment
Stephen J. Terry, Boston University
Itay Saporta-Eksten, Tel Aviv University

Globalization Boom and Bust: A Study of United States Automobile Exports from 1913 to 1940
Mario Crucini, Vanderbilt University
Dong Cheng, Vanderbilt University
Hyunseung Oh, Vanderbilt University
Hakan Yilmazkuday, Vanderbilt University

Juliana Salomao, University of Minnesota
Felipe Schwartzman, Federal Reserve Bank of Richmond
Robert Chirinko, University of Illinois-Chicago
Zhu Wang, Federal Reserve Bank of Richmond

James Kahn
Economics Section Head
International Society for Inventory Research

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