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Imperfect Competition and the Keynesian Cross / N. Gregory Mankiw.
- Format:
- Book
- Author/Creator:
- Mankiw, N. Gregory.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2386.
- NBER working paper series no. w2386
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1987.
- Summary:
- 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.
- Notes:
- Print version record
- September 1987.
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