Book by Benassy JeanPascal
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"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)
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.
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Zustand: Good. 1 Edition. Former library book; may include library markings. Used book that is in clean, average condition without any missing pages. Artikel-Nr. 5690491-6
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Zustand: Used - Very Good. 2003. Hardcover. Very Good. Artikel-Nr. D60984
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Zustand: Gut. Auflage: New. 288 Seiten Exemplar aus einer wissenchaftlichen Bibliothek Sprache: Englisch Gewicht in Gramm: 969 22,4 x 17,4 x 2,1 cm, Gebundene Ausgabe. Artikel-Nr. 382768
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Anbieter: NEPO UG, Rüsselsheim am Main, Deutschland
Zustand: Sehr gut. Auflage: New. 288 Seiten Exemplar aus einer wissenchaftlichen Bibliothek Sprache: Englisch Gewicht in Gramm: 969 22,4 x 17,4 x 2,1 cm, Gebundene Ausgabe. Artikel-Nr. 383058
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