| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18191 |
| 来源ID | Working Paper 18191 |
| Trade Wedges, Inventories, and International Business Cycles | |
| George Alessandria; Joseph Kaboski; Virgiliu Midrigan | |
| 发表日期 | 2012-06-28 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | The large, persistent fluctuations in international trade that can not be explained in standard models by changes in expenditures and relative prices are often attributed to trade wedges. We show that these trade wedges can reflect the decisions of importers to change their inventory holdings. We find that a two-country model of international business cycles with an inventory management decision can generate trade flows and wedges consistent with the data. Moreover, matching trade flows alters the international transmission of business cycles. Specifically, real net exports become countercyclical and consumption is less correlated across countries than in standard models. We also show that ignoring inventories as a source of trade wedges substantially overstates the role of trade wedges in business cycle fluctuations. |
| 主题 | International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w18191 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575867 |
| 推荐引用方式 GB/T 7714 | George Alessandria,Joseph Kaboski,Virgiliu Midrigan. Trade Wedges, Inventories, and International Business Cycles. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18191.pdf（444KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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