that inventories amplify aggregate fluctuations. In contrast, our model economy exhibits a business cycle similar to that … of a comparable benchmark without inventories, though we do observe somewhat higher variability in employment, and lower … understanding of the role of inventory accumulation for cyclical movements in GDP. The presence of inventories does not …

This paper examines the role of inventories in the decline of production, trade, and expenditures in the US in the … trade, relative to a more standard model without inventories. The magnitudes of production, trade, and inventory responses …

have existing inventories of assets similar to those being traded. We show that these inventories may lead to prices that … prevent a competitor from purchasing at a lower price and releasing bad news about inventory values. Inventories also prevent …

The authors study trade between a buyer and a seller when both may have existing inventories of assets similar to those … being traded. They analyze how these inventories affect trade, information dissemination, and price formation. The authors … show that when the buyer's and seller's initial leverage is moderate, inventories increase price and trade volume, but when …

inventories of assets similar to those being traded. We analyze how these inventories affect trade, information dissemination, and … prices. We show that when traders’ initial leverages are moderate, inventories increase price and trade volume (a market “run …

infrequently and hold substantially larger inventories of imported goods than domestic goods. Using multiple sources of data, the …