Un análisis del ciclo económico en competencia imperfecta
AbstractThe aim of this paper, which is part of a broader research project, is to analyse the fluctuations of output in a framework of imperfect competition based on the stylised facts. We conclude that these movements can be originated by supply or demand shocks, or simply by the adjustment of the economy when goods or labor markets are not balanced because of price and wages rigidities. On the other hand, it justifies the Keynesian argument related to government interference in cases where the economy cannot overcome a recessive stage on its own.
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Bibliographic InfoArticle provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional.
Volume (Year): 4 (2002)
Issue (Month): 7 (July-December)
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More information through EDIRC
economic cycle; imperfect competition; stylised facts; economic growth;
Other versions of this item:
- Julián Arévalo & Angélica Castro & Edgar Villa, 2004. "Un Análisis del Ciclo Económico en Competencia Imperfecta," Macroeconomics 0407021, EconWPA.
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O49 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
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