This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Review: Vol. 101 No. 3 (May 2011)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

AER - All Issues

AER Forthcoming Articles

US Trade and Inventory Dynamics

Article Citation

Alessandria, George, Joseph P. Kaboski, and Virgiliu Midrigan. 2011. "US Trade and Inventory Dynamics." American Economic Review, 101(3): 303-07.

DOI: 10.1257/aer.101.3.303

Abstract

We examine the source of the large fall and rebound in US trade in the recent recession. While trade fell and rebounded more than expenditures or production of traded goods, we find that relative to the magnitude of the downturn, these trade fluctuations were in line with those in previous business cycle fluctuations. We argue that the high volatility of trade is attributed to more severe inventory management considerations of firms involved in international trade. We present empirical evidence for autos as well as at the aggregate level that the adjustment of inventory holdings help explain these fluctuations in trade.

Article Full-Text Access

Full-text Article

Additional Materials

Download Data Set (748.18 KB) | Online Appendix (126.47 KB)

Authors

Alessandria, George (Federal Reserve Bank of Philadelphia)
Kaboski, Joseph P. (U Notre Dame)
Midrigan, Virgiliu (NYU)

JEL Classifications

E22: Capital; Investment; Capacity
E32: Business Fluctuations; Cycles
F14: Country and Industry Studies of Trade


American Economic Review


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AER - All Issues

AER - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us