The Multiplier in an Economy with Monopolistic Output Markets and Competitive Labour Markets
Marta Aloi,
Huw Dixon and
Phillip Lawler
Chapter 1 in Market Behaviour and Macroeconomic Modelling, 1998, pp 3-40 from Palgrave Macmillan
Abstract:
Abstract The purpose of this paper is to derive some new results and to link together these results with an existing literature. The focus of the paper is a macroeconomy characterized by monopolistic competition in output markets, but with a perfectly competitive labour market. We explore the implications of imperfect competition for the conduct and effectiveness of fiscal policy for output and employment in both the short run (with the number of firms fixed) and the long run (with free entry and exit of firms).1
Keywords: Labour Supply; Fiscal Policy; Real Wage; Imperfect Competition; Aggregate Output (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (1)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Working Paper: The Multiplier in an Economy with Monopolistic Output Markets and Competitive Labour Markets
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26732-3_1
Ordering information: This item can be ordered from
http://www.palgrave.com/9781349267323
DOI: 10.1007/978-1-349-26732-3_1
Access Statistics for this chapter
More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().