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Persistent link: https://www.econbiz.de/10009377389
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entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in …
Persistent link: https://www.econbiz.de/10013119776
This paper studies the role of endogenous producer entry and product creation for monetary policy analysis and business cycle dynamics in a general equilibrium model with imperfect price adjustment. Optimal monetary policy stabilizes product prices, but lets the consumer price index vary to...
Persistent link: https://www.econbiz.de/10013103258
entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in …
Persistent link: https://www.econbiz.de/10009317643
Persistent link: https://www.econbiz.de/10009355173
This paper studies the role of endogenous producer entry and product creation for monetary policy analysis and business cycle dynamics in a general equilibrium model with imperfect price adjustment. Optimal monetary policy stabilizes product prices, but lets the consumer price index vary to...
Persistent link: https://www.econbiz.de/10012465454
entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in …
Persistent link: https://www.econbiz.de/10012461168
Persistent link: https://www.econbiz.de/10011431930
supported in equilibrium, as endogenous policy rewards entry to the sector where workers are abundant. We generalize our theory …
Persistent link: https://www.econbiz.de/10014347441