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The Deutsch Mark, 1974-1982
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The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macr...
We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier to explain the size of the dec...
Hall has pointed out that, when there is perfect competition and price flexibility, labor hoarding alone will not induce the Solow residual measured u...
This comprehensive guide to intertemporal substitution in macroeconomics explores the economic impacts of individuals and firms shifting consumption p...
This paper presents the competitive equilibrium of an economy in which people hold money for transactions purposes. It studies both the steady states ...
This paper discusses the consequences of introducing imperfectly competitive product markets into an otherwise standard neoclassical growth model. We ...
This paper considers a model where individual workers bargain with firms over their wages and where their bargaining power is so strong that some work...
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in...
Evidence from a New Monetary Aggregate
This paper develops a new utility-based monetary aggregate which we label the currency equivalent aggregate. This aggregate equals the stock of curren...
Because inputs are scarce, marginal cost should be an increasing function of output. Without changes in this real marginal cost schedule, aggregate ou...
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was ...
A Theory of Interregional Specialization and Trade
Abstract: produced the same tange of products as the duopoly....