Supply, Demand, and Specialized Production
收藏NBER2021-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w28888
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This paper develops a growth model characterized by equilibrium unemployment and sustained monopoly power. The level of demand is a key factor in deviations from the steady-state growth path with a Keynesian-type spending multiplier despite the absence of any nominal rigidities. The key friction in
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美国国家经济研究局创建时间：
2021-06-01
