Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances

1 September 1989

journal article
Published by Oxford University Press (OUP) in The Economic Journal

Vol. 99 (397) , 785
https://doi.org/10.2307/2233771

Abstract

Analyzes the excess capacity, monopolistic competition and international transmission of monetary policy disturbances in the United States. Sheds light on the international Impact of monetary policy; Emphasis on the spillover effects of monetary disturbances; Similarity of framework used with open economy macroeconomics

Keywords

EXCESS CAPACITY
INTERNATIONAL TRANSMISSION
MONETARY DISTURBANCES
MONOPOLISTIC COMPETITION

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