Multipliers and imperfect competition: what is the role of capital depreciation?
In static general equilibrium models considering imperfectly competitive goods markets, the effectiveness of fiscal policy to stir output is shown to be greater than in the walrasian case. However, labour is the only input in these models. Here, I develop a simple intertemporal model allowing us to...
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| Format: | workingPaper |
| Language: | eng |
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2010
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| Online Access: | http://hdl.handle.net/10400.5/2751 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/2751 |