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The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach
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Artikel-Nr:
9780262524360
Veröffentl:
2005
Erscheinungsdatum:
01.01.2005
Seiten:
288
Autor:
Jean-Pascal Benassy
Gewicht:
404 g
Format:
218x166x15 mm
Serie:
Mit Press
Sprache:
Englisch
Beschreibung:
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).
A single unified framework that integrates dynamic macroeconomics models on general equilibrium theory, imperfect competition, nonclearing markets, and rational expectations.
"Reading this book is a liberating experience. By some sleight of hand, the idea of a micro-based macroeconomics has been identified with price-mediated market clearing under perfect competition. Benassy demonstrates by example that macroeconomics can be based on imperfect competition, non-clearing markets, and quantity signals. As a consequence, activist monetary and fiscal policies are shown to be both effective and useful." Robert M. Solow, Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology, and Nobel Laureate in Economics (1987)