NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Inventories, Lumpy Trade, and Large Devaluations

George Alessandria, Joseph Kaboski, Virgiliu Midrigan

NBER Working Paper No. 13790
Issued in February 2008

---- Acknowledgements -----

The views expressed here are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Philadelphia, the Federal Reserve System or the National Bureau of Economic Research. We thank Don Davis, Timothy Kehoe, and Sylvain Leduc for helpful comments. We thank seminar participants at Cowles Foundation, Penn State, Wisconsin, Central European University, the Federal Reserve Banks of Chicago, Minneapolis, New York and Philadelphia; and the 2007 ASSA and SED Meetings.

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