The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach Book PDF, ePub eBook

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Book Descriptions:

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.

The Macroeconomics of Imperfect Competition and Nonclearing Markets: A Dynamic General Equilibrium Approach by Jean-Pascal Benassy

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