Rethinking macroeconomics with endogenous market structure
The birth and death of firms is one of the main features of the business cycle. Yet mainstream DGSE macroeconomic models mostly ignore this phenomenon, thereby excluding any potential impact of economic policy on the probability of the birth and death of firms. Those DGSE models that do allow for th...
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| Format: | Buch |
| Sprache: | English |
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New York
Cambridge University Press
2019
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