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Macroeconomic Effects of Price Controls: The Role of Market Structure / Elhanan Helpman.
- Format:
- Book
- Author/Creator:
- Helpman, Elhanan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2434.
- NBER working paper series no. w2434
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Macroeconomic Effects of Price Controls
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1987.
- Summary:
- Price controls were part of Israel's stabilization program of July 1985. Some results of the program seem to be inconsistent with competitive macroeconomic models. It is suggested that these results are consistent with an economy that has an oligopolistic market structure. The paper explores the effects of market structure on macroeconomic performance in the presence and absence of price control.
- Notes:
- Print version record
- November 1987.
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