Imperfect Competition and the Effects of Energy Price Increases on Economic Activity
收藏NBER1996-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5634
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We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier to explain the size of the declines in output and real wages that follow increases in the price of oil. Plausibly parameterized models of this type are able to mimic the response
本文证实，通过假定竞争不完全对标准新古典增长模型（neoclassical growth model）进行修正后，能够更易于解释石油价格上涨后产出与实际工资的下降幅度。此类经合理参数化设定的模型可复现该响应
提供机构：
美国国家经济研究局
创建时间：
1996-06-01
