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Market Structure and Monetary Non-neutrality

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NBER2021-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29233
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I study a general equilibrium menu cost model with a continuum of sectors, idiosyncratic and aggregate shocks, and the novel feature that each sector consists of strategically engaged firms. Compared to an economy with monopolistically competitive sectorsseparately parameterized to match the same
创建时间:
2021-09-01
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