UID:
almahu_9947414999802882
Format:
1 online resource (xii, 388 pages) :
,
digital, PDF file(s).
ISBN:
9780511559648 (ebook)
Content:
This book focuses on the rapidly growing research field of imperfect competition, asymmetric information, and other market imperfections in a macroeconomic context. It brings together leading researchers from the USA and Europe to examine the implications for macroeconomic policy of market imperfections in output, labour and financial markets. All the contributions are original, and include several general surveys and expository chapters which synthesize the large literature, along with some state-of-the-art research at the frontier of the discipline. This is the first volume to focus exclusively on this literature. It should be a valuable resource for graduate students and researchers in macroeconomics.
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
,
Classical and Keynesian features in macroeconomic models with imperfect competition / Jean-Pascal Bénassy -- Imperfect competition and macroeconomics : a survey / Huw David Dixon and Neil Rankin -- Notes on imperfect competition and new Keynesian economics / Richard Startz -- Optimal labour contracts and imperfect competition : a framework for analysis / Russell Cooper -- Market power, coordination failures and endogenous fluctuations / Claude d'Aspremont, Rodolphe Dos Santos Ferreira and Louis-André Gérard-Varet -- Macroeconomic externalities / Andrew John -- Demand uncertainty and unemployment in a monopoly union model / Omar Licandro -- Efficiency wages as a persistence mechanism / Gilles Saint-Paul -- Efficiency, enforceability and acyclical wages / Christian Schultz -- Business fluctuations, worker moral hazard and optimal environmental policy / Jon Strand -- The stock market and equilibrum recessions / Jeff Frank -- Asymmetric information, investment finance and real business cycles / Brian Hillier and Tim Worrall -- Hedging, multiple equilibra and nominal contracts / Daron Acemoglu -- Information acquisition and nominal price adjustment / Torben M. Andersen and Morten Hviid -- Expectation calculation, hyperinflation and currency collapse / George W. Evans and Garey Ramey -- Menu costs and aggregate price dynamics / Alan Sutherland.
Additional Edition:
Print version: ISBN 9780521474160
Language:
English
URL:
https://doi.org/10.1017/CBO9780511559648
URL:
Volltext
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