Optimal Monetary Policy with Endogenous Entry and Product Variety
收藏NBER2011-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17489
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资源简介：
We show that deviations from long-run stability of product prices are optimal in the presence of endogenous producer entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in the absence of entry. Specifically, a long-run positive
提供机构：
美国国家经济研究局
创建时间：
2011-10-01
