OPEN-ECONOMY MACROECONOMICS UNDER IMPERFECT COMPETITION - A 2-COUNTRY MODEL

被引：3

作者：

FENDER, J ^{[1
]}

YIP, CK ^{[1
]}

机构：

[1] GEORGIA STATE UNIV,DEPT ECON,ATLANTA,GA 30303

来源：

JOURNAL OF INTERNATIONAL ECONOMICS | 1994年 / 37卷 / 1-2期

关键词：

MACROECONOMICS; IMPERFECT COMPETITION; EXCHANGE RATES;

D O I：

10.1016/0022-1996(94)90024-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper constructs a two country macroeconomic model where prices are set by imperfectly competitive firms and wages by trade unions. Unemployment benefit is nominally rigid in at least one country. The effects of monetary expansion under both fixed and flexible exchange rates, and exchange rate changes under fixed rates, are considered. The results change significantly if it is assumed that in one country unemployment benefit is fully indexed.

引用

页码：49 / 63

页数：15

共 15 条

[1] MONOPOLISTIC COMPETITION, RELATIVE PRICES, AND OUTPUT ADJUSTMENT IN THE OPEN-ECONOMY [J].