Bayoumi, Tamim A. (contributor); Laxton, Douglas (contributor) - 2004 - [Elektronische Ressource]
-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions …We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …