The Macroeconomics of Imperfect Competition and Nonclearing Markets : A Dynamic General Equilibrium Approach PDF
by Jean-Pascal Benassy
Part of the The MIT Press series
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In this book, Jean-Pascal Benassy 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.
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- Format:PDF
- Pages:288 pages
- Publisher:The MIT Press
- Publication Date:14/01/2005
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- ISBN:9780262268073
Information
-
Download Now
- Format:PDF
- Pages:288 pages
- Publisher:The MIT Press
- Publication Date:14/01/2005
- Category:
- ISBN:9780262268073