The Macroeconomics Of Imperfect Competition And Nonclearing Markets: A Dynamic General Equilibrium Approach (Mit Press) - Softcover

Jean-Pascal Benassy

 
9780262524360: The Macroeconomics Of Imperfect Competition And Nonclearing Markets: A Dynamic General Equilibrium Approach (Mit Press)

Synopsis

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.

"synopsis" may belong to another edition of this title.

About the Author

Jean-Pascal Bénassy is Director of Research at CNRS (National Center for Scientific Research), Paris, and a Research Fellow at CEPREMAP (Center for Economic Research and Applications). He is the author of The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach (MIT Press, 2002).

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9780262025287: The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach

Featured Edition

ISBN 10:  0262025280 ISBN 13:  9780262025287
Publisher: Mit Pr, 2003
Hardcover