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Imperfect Competition and the Keynesian Cross Author info | Abstract | Publisher info | Download info | Related research | Statistics N. Gregory Mankiw
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This paper presents a simple general equilibrium model in which the only non-Walrasian feature is imperfect competition in the goods market. The model is shown to exhibit various Keynesian characteristics. In particular, as competition in the goods market becomes less perfect, the fiscal policy multipliers approach the values implied by the textbook Keynesian cross.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
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Date of creation: Feb 1989Date of revision:
Handle: RePEc:nbr:nberwo:2386Note: EFGContact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A. Phone: 617-868-3900 Email: Web page: http://www.nber.org More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Weitzman, Martin L, 1982.
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Luís F. Costa, .
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Luis Costa, 2004.
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Luís F. Costa, 2001.
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Other versions: Torben Andersen, 2005.
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Emmanuelle Taugourdeau, 2002.
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Tetsuya Nakajima, 2005.
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Hassan Molana & Catia Montagna, 2005.
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Other versions:
Hassan Molana & Catia Montagna, 2005.
"Aggregate Scale Economies, Market Integration and Optimal Welfare State Policy ,"
International Trade
0509006, EconWPA.
[Downloadable!] Molana, Hassan & Montagna, Catia, 2006.
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[Downloadable!] (restricted) Luís F. Costa & Huw Dixon, 2009.
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Kaas, Leo & Madden, Paul, 2000.
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L Kaas & P Madden, 2002.
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20, Economics, The Univeristy of Manchester.
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The School of Economics Discussion Paper Series
0211, Economics, The University of Manchester.
[Downloadable!] Kaas, Leo & Madden, Paul, 2005.
"Imperfectly competitive cycles with Keynesian and Walrasian features ,"
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"Multipliers and Capital: What is the role of Imperfect Competition? ,"
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Jim Malley & Hassan Molana, 2000.
"Monopolistic Competition, Efficiency Wages and Perverse Effects of Demand Shock ,"
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2000_20, Department of Economics, University of Glasgow, revised Feb 2001.
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Other versions: Luís Costa, 2007.
"GDP steady-state multipliers under monopolistic competition revisited ,"
Portuguese Economic Journal ,
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Partha Sen, 2008.
"Fixed Costs, The Balanced-Budget Multiplier And Welfare ,"
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171, Centre for Development Economics, Delhi School of Economics.
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Other versions: Luis F. Costa, 2000.
"Multipliers and Imperfect Competition: What is the role of Capital Depreciation ,"
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2000/03, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon..
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Costa, Luís & Palma, Nuno, 2006.
"Comment on "Productive Public Expenditure and Imperfect Competition with Endogenous Price Markup" ,"
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5143, University Library of Munich, Germany, revised 08 Jun 2007.
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Other versions: Martin Besfamille, 2008.
"The relationship between tax evasion and tax revenue in Chang, Lai and Chang (1999) ,"
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Kiminori Matsuyama, 1991.
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Christian Keuschnigg, 1998.
"Investment Externalities and a Corrective Subsidy ,"
International Tax and Public Finance ,
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Neil Rankin, 2007.
"Imperfect competition and the modelling of expectations in macroeconomics ,"
Portuguese Economic Journal ,
Springer, vol. 6(3), pages 133-150, December.
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