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A Critical Assessment of the Role of Imperfect Competition in Macroeconomics

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NBER1996-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5782
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New Keynesian models and some models of growth rely on market power for their results. This sole focus on market power as the source for certain macroeconomic phenomena is misguided both theoretically and empirically. New Keynesian multipliers are closely related to standard measures of deadweight
提供机构:
美国国家经济研究局
创建时间:
1996-10-01
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