Caraballo, Maria A.; Usabiaga, Carlos - In: International Journal of Public Policy 1 (2006) 3, pp. 266-278
This paper focuses on the role of imperfect competition as a microfoundation for fiscal policy effectiveness. The seminal papers in this area conclude that the higher the degree of monopoly power the higher the value of fiscal policy multipliers. However, this result has been criticised because...
