A Survey of New Keynesian Theories of Aggregate Supply and Their Relation to Industrial Organization |
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| Authors: | JOHN LEAHY |
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| Institution: | John Leahy is a Professor in the Department of Economics, New York University and N.B.E.R. (E‐mail: john.leahy@nyu.edu). |
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| Abstract: | I survey the recent literature on the Phillips curve. Along the way, I will try to relate this literature to topics of interest to industrial organization. I will also point out the gaps in our understanding and places where more careful micro‐economic analysis would be helpful to macroeconomists. In the conclusion, I summarize what an industrial organization economist might take away from this literature. |
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| Keywords: | E3 L16 New Keynesian price stickiness aggregate supply strategic complementarity industrial organization |
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