Macroeconomic Effects of Price Controls: The Role of Market Structure.
Price controls were part of Israel's stabilization program of July 1985. Some results of the program seem to be inconsistent with competitive macroeconomic models. It is suggested that these results are consistent with an economy that has an oligopolistic market structure. This paper explores the effects of market structure on macroeconomic performance in the presence and absence of price control. Copyright 1988 by Royal Economic Society.
Year of publication: |
1988
|
---|---|
Authors: | Helpman, Elhanan |
Published in: |
Economic Journal. - Royal Economic Society - RES, ISSN 1468-0297. - Vol. 98.1988, 391, p. 340-54
|
Publisher: |
Royal Economic Society - RES |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
International RandD Spillovers
Helpman, Elhanan, (1993)
-
Helpman, Elhanan, (1994)
-
Institutions and Economic Performance
Acemoglu, Daron, (2022)
- More ...