Market Behaviour and Macroeconomic Modelling

Market Behaviour and Macroeconomic Modelling discusses several state-of-the-art developments in the modelling approach to market behaviour in macroeconomic modelling. Leading experts in this field, deal with the implications of market imperfections in commodity markets, capital markets and labour markets for macroeconomic modelling and stabilization policy. They demonstrate that incorporating market imperfections leads to very different policy recommendations than those derived from the standard perfect competition model.

M. ALOI Department of Economics, University of York, York A. VAN DEN BERG Department of Economics, Free University Amsterdam P. A. G. VAN BERGEIJK Netherlands Central Bank, Amsterdam D. P. BROER CPB - Netherlands Bureau for Economic Policy Analysis, The Hague W. H. BUITER Department of Economics, Cambridge University, Cambridge D. W. CARLTON Department of Economics, University of Chicago, Chicago K. B. CHURCH Department of Economics, University of Warwick, Coventry H. D. DIXON Department of Economics, University of York, York D. A. G. DRAPER CPB - Netherlands Bureau for Economic Policy Analysis, The Hague T. ELLINGSEN Department of Economics, University of Oslo, Oslo H. GARRETSEN Department of Economics, University of Nijmegen, Nijmegen S. G. GILCHRIST Department of Economics, Boston University, Boston L. DE HAAN Netherlands Central Bank, Amsterdam J. DE HAAN Department of Economics, University of Groningen, Groningen R. C. G. HAFFNER Ministry of Economic Affairs, The Hague S. HOLDEN Department of Economics, University of Oslo, Oslo A. HOUWELING CPB - Netherlands Bureau for Economic Policy Analysis, The Hague F. H. HUIZINGA CPB - Netherlands Bureau for Economic Policy Analysis, The Hague P. A. DE JONG CPB - Netherlands Bureau for Economic Policy Analysis, The Huage K. KLETZNER Department of Economics, University of California, Santa Cruz G. H. KUPER Department of Economics, University of Groningen, Groningen P. LAWLER Department of Economics, University of York, York A. NIEUWENHUIS CPB - Netherlands Bureau for Economic Policy Analysis, The Hague G. RIDDER Department of Economics, Free University, Amsterdam T. H. ROELANDT Ministry of Economic Affairs, The Hague J. VAN SINDEREN Ministry of Economic Affairs, The Hague E. STERKEN Department of Economics, University of Groningen, Groningen J. E. STURM Department of Economics, University of Groningen, Groningen H. UGLIG Centre for Economic Research, Tilburg University, Tilburg N. DE VISSER Department of Economics, Free University, Amsterdam K. F. WALLIS Department of Economics, University of Warwick, Coventry E. ZAKRAJSEK Federal Reserve Board, Washington.