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

Bénassy, Jean-Pascal

ISBN 10: 0262524368 / ISBN 13: 9780262524360

Published by The MIT Press., Cambridge, Massachusetts, U.S.A., 2003

About this Item

New condition. Publisher's stamp on bottom of page block. Illustrated with text-figures. T.

Seller Inventory # 239626

Bibliographic Details

• Title: The Macroeconomics of Imperfect Competition and Nonclearing Markets : A Dynamic General Equilibrium Approach
• Publisher: The MIT Press., Cambridge, Massachusetts, U.S.A.
• Publication Date: 2003
• Language: English
• ISBN 10: 0262524368
• ISBN 13: 9780262524360
• Binding: paperback
• Edition: First Edition.
• Condition: New
• Dust Jacket Condition: No Dust Jacket
• Book Type: Used
• Seller catalogs:
  • Mathematics/Accounting

About this title

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.

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).