Hotelling Meets Keynes: Aggregate Adjustment with Spatial Competition and Nominal Rigidity
收藏NBER2025-03-01 更新2025-04-05 收录
下载链接：
https://www.nber.org/papers/w33628
下载链接
链接失效反馈官方服务：
资源简介：
This paper embeds a circular Hotelling model of spatial competition into a new-Keynesian model with staggered price setting. The resulting framework provides microfoundations for a cost-push shock, taking the form of random variations in transportation costs. An increase in transportation costs
提供机构：
美国国家经济研究局
创建时间：
2025-03-01
