Towards a Theory of Firm Entry and Stabilization Policy
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This paper studies the role of stabilization policy in a model where firm entry responds to shocks and uncertainty. We evaluate stabilization policy in the context of a simple analytically solvable sticky price model, where firms have to prepay a fixed cost of entry. The presence of endogenous entry
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美国国家经济研究局创建时间：
2005-12-01
