production smoothing. We investigate the role of inventories in the Great Moderation by estimating an unobserved components model … advance and their reduction also helps to explain the changed forecasting role of inventories since the mid-1980s. Our …

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 …

referring to such its objects as biological assets, inventories, liabilities, investment property, intangible assets, lease …

, output, and inventories. Unlike the widely documented change in absolute volatility over that period, known as the Great … "investment wedge" estimated with inventories, unlike previous measures, correlates well with established independent measures of …