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Trade Wedges, Inventories, and International Business Cycles

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NBER2012-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18191
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资源简介:
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
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2012-06-01
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