G2TT
来源类型Discussion paper
规范类型论文
来源IDDP636
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
URLhttps://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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