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Market Structure and Monetary Non-neutrality
Mongey, Simon - 2021
competitive sectors—separately parameterized to match the same microdata on price flexibility—the oligopoly economy features a … parameters, output responses are five times larger. An oligopoly economy also (i) requires smaller menu costs and idiosyncratic … rationale for positive menu costs: in an oligopoly firms prefer a degree of rigidity to complete flexibility. Quantitatively …
Persistent link: https://www.econbiz.de/10013212404
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On the macroeconomic implications of firm dynamics, banking, and reputation
Totzek, Alexander - 2011
Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and …
Persistent link: https://www.econbiz.de/10008907265
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Dynamic oligopoly and price stickiness
Wang, Olivier; Werning, Iván - 2020
Persistent link: https://www.econbiz.de/10012264065
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Markups and inflation in oligopolistic markets : evidence from wholesale price data
Alexander, Patrick; Han, Lu; Kryvtsov, Oleksiy; Tomlin, Ben - 2024 - Last updated: May 28, 2024
We study how the interaction of market power and nominal price rigidity influences inflation dynamics. We formulate a tractable model of oligopolistic competition and sticky prices and derive closed-form expressions for the pass-through of idiosyncratic and common cost shocks to firms' prices....
Persistent link: https://www.econbiz.de/10014562948
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Fintech and financial services : initial considerations
He, Dong; Leckow, Ross B.; Haksar, Vikram; Mancini … - 2017
A new wave of technological innovations, often called 'fintech,' is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech...
Persistent link: https://www.econbiz.de/10011713763
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Globalization, market structure and inflation dynamics
Guilloux-Nefussi, Sophie - 2016
Persistent link: https://www.econbiz.de/10011646864
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Essays on international price rigidities and exchange rates
Aksoy, Yunus - 2000
Persistent link: https://www.econbiz.de/10001622647
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Default, bailouts and the vertical structure of financial intermediaries
Damjanovic, Tatiana; Damjanovic, Vladislav; Nolan, Charles - In: Review of economic dynamics 38 (2020), pp. 154-180
Persistent link: https://www.econbiz.de/10012653080
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Vertical Differentiation in Monetary Search-Theorectic Models-Revisited
Chang, Chia-Ying - 2010
In this article, the discussion on quality levels in the monetary search theoretical model is extended. By having quality levels endogenously determined, we found that whether money holders have quality preferences is crucial to the results. While the effect of the fraction of money on quality...
Persistent link: https://www.econbiz.de/10013149151
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Monetary policy under banking oligopoly
Beenstock, Michael - In: Money matters : essays in honour of Alan Walters, (pp. 211-227). 2004
Persistent link: https://www.econbiz.de/10001997741