Replication data for: US Trade and Inventory Dynamics

Joseph P. Kaboski, Virgiliu Midrigan & George Alessandria
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....
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