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Author

D. Trupkin

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Preprint Sep 2026

The Behavior of Inventories over the Business Cycle: Evidence across Levels of Development

This paper documents how inventory dynamics vary across levels of development and how they respond to real and financial shocks. Using a balanced panel of 72 small open economies over 1993-2022, spanning advanced to low-income economies, we show that inventories are strongly procyclical in advanced economies but become...

Juan Manuel Rodríguez Repeti, D. Trupkin · 0 citations

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