Market Imperfections and Macroeconomic Dynamics
Author:   Jean-Olivier Hairault ,  Hubert Kempf
Publisher:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of hardcover 1st ed. 2002
ISBN:  

9781441949035


Pages:   214
Publication Date:   02 December 2010
Format:   Paperback
Availability:   In Print   Availability explained
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Market Imperfections and Macroeconomic Dynamics


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Overview

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.

Full Product Details

Author:   Jean-Olivier Hairault ,  Hubert Kempf
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   Softcover reprint of hardcover 1st ed. 2002
Dimensions:   Width: 15.50cm , Height: 1.20cm , Length: 23.50cm
Weight:   0.454kg
ISBN:  

9781441949035


ISBN 10:   1441949038
Pages:   214
Publication Date:   02 December 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

I Globalization, Competition and Macroeconomic Performances.- 1: Is Perfection Optimal? Employment and Product Market Competition.- 2: Human Capital, Local Labor Markets and Regional Integration.- 3: A Long-Term Model for the World Economy.- II Money, Inflation and Macro dynamics.- 4: Inflation and Productivity Differentials in EMU.- 5: Open Market Shocks in a Business Cycle Model with Financial Intermediation.- 6: Optimal Monetary Policy with Sticky Prices.- III Indeterminacy and Irreversibility.- 7: Real Indeterminacy in a Cash-In-Advance Economy.- 8: Borrowing Constraint and Indeterminacy.- 9: Irreversible Investment Under Uncertainty.

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