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Browsing by Subject "productivity, monetary policy, market dynamics"
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Title:Towards a Theory of Firm Entry and Stabilization Policy
Author(s):BERGIN, Paul; CORSETTI, GiancarloDate:2005Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper studies the role of stabilization policy in a model where firm entry responds to shocks and uncertainty. We evaluate stabilization policy in the context of a simple analytically solvable sticky price model, where ...