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Import Competition and Macro Economic Adjustment under Wage-Price Rigidity

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NBER1980-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0522
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The paper analyzes the problem of short-term adjustment to a fall in the price of competing imports when thee is wage and price rigidity. This is done in terms of a two-sector model which incorporates a domestically producible import good and a semi-tradeable home good. The effect of a fall in
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1980-07-01
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