Monopolistic Competition and the Effects of Aggregate Demand

Monopolistic Competition and the Effects of Aggregate Demand
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发表时间：
1987
期刊：
The American Economic Review
影响因子：
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通讯作者：
O. Blanchard;N. Kiyotaki
O. Blanchard;N. Kiyotaki
中科院分区：
其他
文献类型：
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作者：
O. Blanchard;N. Kiyotaki

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垄断竞争对于理解总需求对产出的影响有多重要？作者从三个层面提出了这个问题。垄断竞争本身能否解释为什么总需求影响产出？它能否与其他缺陷一起产生完全竞争无法产生的总需求效应？如果是这样，它能否准确地说明经济对总需求变动的反应？答案是否定的、是的、是的。美国经济协会版权所有 1987。
How important is monopolistic competition to an understanding of the effects of aggregate demand on output? The authors ask this question at three levels. Can monopolistic competition, by itself, explain why aggregate demand affects output? Can it, together with other imperfections, generate effects of aggregate demand in a way that perfect competition cannot? If so, can it give an accurate account of the res ponse of the economy to aggregate demand movements? The answers are no, yes, and yes. Copyright 1987 by American Economic Association.