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  • 學位論文

價格僵固性之下的長期經濟表現

Long-Run Economic Performance Under Price Stickiness

指導教授 : 毛慶生

摘要


無資料

並列摘要


This paper studies the long-run economic performance in a sticky price model where firms have the ability to set their prices. We pay our attention to the effects of the variations of the price level on the real variables under different money supply rules and policy parameters at steady state. The main finding shows that the sticky price economy with a low growth rate of money supply has a better long-run performance than the flexible price economy where the classical neutrality applies. It is clear that money is not neutral in our model.

參考文獻


Translog Preferences, and Endogenous Persistence,” Journal of
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[4] Calvo, Guillermo (1983), “Staggered Prices in a Utility-Maximizing
“Sticky Price Models of the Business Cycle: Can the Contract Multiplier
[6] Dixit, Avinash K., and Joseph E. Stiglitz (1977), “Monopolistic Competition

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