The Macroeconomics of Imperfect Competition and Nonclearing Markets

A Dynamic General Equilibrium Approach

Jean-Pascal Bénassy

320 pages, parution le 17/03/2005

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Résumé

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.

Sommaire

From microeconomics to macroeconomics
General equilibrium
Imperfect competition, underemployment, and welfare
Imperfect competition, fluctuations, and growth
Nominal rigidities and fluctuations
Economic policy

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Caractéristiques techniques

	PAPIER
Éditeur(s)	The MIT Press
Auteur(s)	Jean-Pascal Bénassy
Parution	17/03/2005
Nb. de pages	320
Format	14 x 22
Couverture	Broché
Poids	405g
Intérieur	Noir et Blanc
EAN13	9780262524360
ISBN13	978-0-262-52436-0