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Keywords: Monopolistic competition
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Journal Articles
A business-cycle model with monopolistically competitive firms and Calvo wages: lessons for Bulgaria
Journal:
Journal of Economics and Development
Journal of Economics and Development (2022) 24 (1): 80–95.
Published: 08 December 2020
...Aleksandar Vasilev Purpose The author augments an otherwise standard business-cycle model with a rich government sector and adds monopolistic competition in the product market and rigid prices, as well as rigid wages a la Calvo (1983) in the labor market. Design/methodology/approach...
