Optimal Fiscal and Monetary Policy Under Imperfect Competition
收藏NBER2003-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10149
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This paper studies optimal fiscal and monetary policy under imperfect competition in a stochastic, flexible-price, production economy without capital. It shows analytically that in this economy the nominal interest rate acts as an indirect tax on monopoly profits. Unless the social planner has
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美国国家经济研究局创建时间：
2003-12-01
