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The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach
The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach Summary:By Jean-Pascal Bénassy
In this book Jean-Pascal Bénassy attempts to integrate into a single unified framework dynamic macroeconomic models reflecting such diverse lines of thought as general equilibrium theory, imperfect competition, Keynesian theory, and rational expectations. He begins with a simple microeconomic synthesis of imperfect competition and nonclearing markets in general equilibrium under rational expectations. He then applies this framework to a large number of dynamic macroeconomic models, covering such topics as persistent unemployment, endogenous growth, and optimal fiscal-monetary policies. The macroeconomic methodology he uses is similar in spirit to that of the popular real business cycles theory, but the scope is much wider. All of the models are solved "by hand," making the underlying economic mechanisms particularly clear. Please select one mirror to download
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Sponsored LinksThe Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach Keywordsequilibrium models theory dynamic macroeconomic competition imperfect framework markets rational bénassy nonclearing jean pascal expectations popular policies growth optimal fiscal monetary methodology jean pascal bénassy imperfect competition equilibrium theory diverse lines theory imperfect competition keynesian rational expectations keynesian theory models reflecting dynamic macroeconomicBookmark The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium ApproachHyperlink code:
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