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Market Imperfections and Macroeconomic Dynamics - Jean-Olivier Hairault

Market Imperfections and Macroeconomic Dynamics

By: Jean-Olivier Hairault (Editor), Hubert Kempf (Editor)

Hardcover Published: 31st March 2002
ISBN: 9780792374046
Number Of Pages: 214

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Market Imperfections and Macroeconomic Dynamics is based upon a collection of papers originally presented at the 5th Theory and Methods in Macroeconomics (T2M) meeting in Paris, France, 2002. The contributions in this volume focus on a central theme: the aggregate dynamic consequences of market imperfections. Such effects are of great interest to researchers in macroeconomics as these imperfections play a primary role in the persistence of aggregate output, the characteristics of the business cycles and the interactions of agents over time. Incorporating up-to-date techniques and methods, these contributions exemplify the remarkable progress made by macroeconomists in tackling these issues.
The primary market for Market Imperfections and Macroeconomic Dynamics is academic researchers in economics and graduate students specializing in macroeconomics. Divisions of economic studies in public administration and in financial organizations will also find this book beneficial.

Is Perfection Optimal? Employment and Product Market Competitionp. 3
Human Capital, Local Labor Markets and Regional Integrationp. 23
A Long-Term Model for the World Economyp. 51
Inflation and Productivity Differentials in EMUp. 77
Open Market Shocks in a Business Cycle Model with Financial Intermediationp. 105
Optimal Monetary Policy with Sticky Pricesp. 131
Real Indeterminacy in a Cash-In-Advance Economyp. 163
Borrowing Constraint and Indeterminacyp. 179
Irreversible Investment Under Uncertaintyp. 191
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792374046
ISBN-10: 0792374045
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 214
Published: 31st March 2002
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 1.91
Weight (kg): 1.12

Earn 742 Qantas Points
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