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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP636 |
DP636 Imperfect Competition and Macroeconomics: A Survey | |
Neil Rankin; Huw David Dixon | |
发表日期 | 1992-05-28 |
出版年 | 1992 |
语种 | 英语 |
摘要 | This survey outlines the general lessons of the recent literature on imperfectly competitive macroeconomies for the theory of monetary and fiscal policy. A general framework is presented which encompasses most of the existing literature. Although money is of itself neutral in these models, the presence of menu costs, expectations which are not unit elastic, or sectoral nominal rigidities can result in a welfare-improving role for monetary policy. Imperfect competition also enhances the scope for the beneficial influence of fiscal policy. We explore the possibilities for multiple Pareto-ranked equilibria and the role of increasing returns to scale. |
主题 | International Macroeconomics |
关键词 | Fiscal policy Imperfect competition Macroeconomics monetary policy |
URL | https://cepr.org/publications/dp636 |
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/529809 |
推荐引用方式 GB/T 7714 | Neil Rankin,Huw David Dixon. DP636 Imperfect Competition and Macroeconomics: A Survey. 1992. |
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