Monopolistic Competition and Deviations from PPP
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The purpose of this paper is to explain deviations from PPP in an economy charaterived by a mononolistic competitive market structure in which pricing decisions incur costs. That lead producers to pre-set the price path for several periods. The paper derives an optimal pricing rule, including the
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美国国家经济研究局创建时间：
1985-01-01
