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38 p, 261.0 KB Macroeconomics of extensive margins : a simple model / Arespa, Marta (Universitat de Barcelona. Departament de Teoria Econòmica) ; Xarxa de Referència en Economia Aplicada (XREAP)
How do monopolistically competitive industries react to shocks in the context of a New Keynesian macro model? I bridge macroeconomics and trade theory by considering market dynamics. I use an analytically tractable closed-economy model with endogenous entry of firms and show the implications of markets structure for the transmission of real shocks on aggregate variables and welfare. [...]
Xarxa de Referència en Economia Aplicada (XREAP) 2011 (XREAP ; 2011-19)  
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