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Un análisis del ciclo económico en competencia imperfecta

Author

Listed:
  • Julián Arévalo

    () (Universidad Externado de Colombia)

  • Angélica Castro

    () (Universidad Externado de Colombia, Universidad Nacional de Colombia)

  • Édgar Villa

    () (Universidad Externado de Colombia)

Abstract

The 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.

Suggested Citation

  • Julián Arévalo & Angélica Castro & Édgar Villa, 2002. "Un análisis del ciclo económico en competencia imperfecta," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(7), pages 11-39, July-Dece.
    • Handle: RePEc:rei:ecoins:v:4:y:2002:i:7:p:11-39
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    References listed on IDEAS

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    1. Edgar Villa & Julián Arévalo & Angélica Castro, 2001. "Equilibrio general no competitivo con formación endógena de precios," Revista Cuadernos de Economía, Universidad Nacional de Colombia -FCE - CID, December.
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    More about this item

    Keywords

    economic cycle; imperfect competition; stylised facts; economic growth;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

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