Duopolistic competition and monetary policy
构建了一个包含价格粘性的双寡头模型，分析企业战略定价对货币政策的影响，发现动态战略互补会放大货币政策的实际效应，而临时性降价（混合策略）则会削弱这种效应。
To consider the strategic pricing of duopolistic firms and its implications for monetary policy, this study constructs a tractable duopoly model with price stickiness. Dynamic strategic complementarity, in which an increase in a firm's price increases the optimal price set by the rival firm in the following periods, increases steady-state price and the real effect of monetary policy. However, when temporary sales arise as a mixed strategy, the real effect of monetary policy decreases considerably.