TY  - JOUR
AU  - Mankiw,N. Gregory
TI  - Imperfect Competition and the Keynesian Cross
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2386
PY  - 1989
Y2  - February 1989
UR  - http://www.nber.org/papers/w2386
L1  - http://www.nber.org/papers/w2386.pdf
N1  - Author contact info:
N. Gregory Mankiw
Department of Economics
Littauer 223
Harvard University
Cambridge, MA  02138
Tel: 617/495-4301
Fax: 617/495-7730
E-Mail: ngmankiw@fas.harvard.edu
AB  - This paper presents a simple general equilibrium model in which the only non-Walrasian feature is imperfect competition in the goods market. The model is shown to exhibit various Keynesian characteristics. In particular, as competition in the goods market becomes less perfect, the fiscal policy multipliers approach the values implied by the textbook Keynesian cross.
ER  -