Aggregate-Demand Amplification of Supply Disruptions: The Entry-Exit Multiplier
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https://www.nber.org/papers/w28258
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资源简介：
Due to its impact on nominal firm profits, price rigidity amplifies the response of entry and exit to adverse supply shocks, such as COVID-19. This entry-exit multiplier triggers substantial magnification of the welfare losses due to negative supply shocksespecially when wages are also rigid. This
提供机构：
美国国家经济研究局
创建时间：
2020-12-01
