| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP205 |
| DP205 Monetary and Fiscal Policy in a `Hartian' Model of Imperfect Competition | |
| Neil Rankin | |
| 发表日期 | 1987-11-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | Monetary and fiscal policy are introduced into a version of Hart's "Keynesian features" model of imperfect competition. Individuals' labour supply is exogenous, so, under perfect competition, output is always at the exogenous "full employment" level. Imperfect competition takes the form of Cournot-Nash quantity-setting trade unions, seeking to maximise their members' total wage income. Equilibrium with unemployment is then possible. In this case, fiscal policy (money-financed government spending increases) nearly always affects output, while monetary policy only does so if price expectations are not unit-elastic. Thus in Walrasian equilibrium, not only imperfect competition but also non-neutral money are needed for monetary effectiveness. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Imperfect competition Keynesian model monetary policy Price expectations Walrasian equilibrium |
| URL | https://cepr.org/publications/dp205 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529361 |
| 推荐引用方式 GB/T 7714 | Neil Rankin. DP205 Monetary and Fiscal Policy in a `Hartian' Model of Imperfect Competition. 1987. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Neil Rankin]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Neil Rankin]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Neil Rankin]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
