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We analyze the policy trade-offs generated by local currency price stability of imports in economies where upstream producers strategically interact with downstream firms selling the final goods to consumers. We study the effects of staggered price setting at the downstream level on the optimal...
Persistent link: https://www.econbiz.de/10012759752
This paper studies the role of stabilization policy in a model where firm entry responds to shocks and uncertainty. We … fixed cost of entry. The presence of endogenous entry can alter the dynamic response to shocks, leading to greater … persistence in the effects of monetary and real shocks. Entry affects welfare, depending on the love of variety in consumption and …
Persistent link: https://www.econbiz.de/10012767456
Persistent link: https://www.econbiz.de/10012667750
Persistent link: https://www.econbiz.de/10012667791
inflation and the output gap, monetary policy can foster the competitiveness of these firms, encouraging investment and entry in …
Persistent link: https://www.econbiz.de/10012871944
We analyze the policy trade-offs generated by local currency price stability of imports in economies where upstream producers strategically interact with downstream firms selling the final goods to consumers. We study the effects of staggered price setting at the downstream level on the optimal...
Persistent link: https://www.econbiz.de/10012465102
This paper studies the role of stabilization policy in a model where firm entry responds to shocks and uncertainty. We … fixed cost of entry. The presence of endogenous entry can alter the dynamic response to shocks, leading to greater … persistence in the effects of monetary and real shocks. Entry affects welfare, depending on the love of variety in consumption and …
Persistent link: https://www.econbiz.de/10012466850
Persistent link: https://www.econbiz.de/10012417664
Persistent link: https://www.econbiz.de/10012421691
,' developed in trade theory to analyze the benefits from promoting entry of domestic firms in the manufacturing sector. In a …
Persistent link: https://www.econbiz.de/10012459306