Macroeconomic Effects of Price Controls: the Role of Market Structure

32 Pages Posted: 9 Jun 2004 Last revised: 28 Aug 2010

See all articles by Elhanan Helpman

Elhanan Helpman

Harvard University - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Date Written: November 1987

Abstract

Price controls were part of Israel's stabilization program of July 1985. Some results of the program seem to be inconsistent with competitive macroeconomic models. It is suggested that these results are consistent with an economy that has an oligopolistic market structure. The paper explores the effects of market structure on macroeconomic performance in the presence and absence of price control.

Suggested Citation

Helpman, Elhanan, Macroeconomic Effects of Price Controls: the Role of Market Structure (November 1987). NBER Working Paper No. w2434. Available at SSRN: https://ssrn.com/abstract=307114

Elhanan Helpman (Contact Author)

Harvard University - Department of Economics ( email )

Littauer Center
Cambridge, MA 02138
United States
617-495-4690 (Phone)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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