{"product_id":"labour-market-adjustment-microeconomic-foundations-of-short-run-neoclassical-and-keynesian-dynamics-paperback-9780521106061","title":"Labour Market Adjustment; Microeconomic Foundations of Short-run Neoclassical and Keynesian Dynamics (Paperback \/ softback) 9780521106061","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eLabour Market Adjustment\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eMicroeconomic Foundations of Short-run Neoclassical and Keynesian Dynamics\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThe main purpose of this book is to develop a general theoretical framework within which it is possible to analyse the interaction of markets in disequilibrium.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003ePissarides (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521106061, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 2 April 2009\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e272 pages\u003cbr\u003e21.6 x 14 x 1.6 cm, 0.35 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe main purpose of this book is to develop a general theoretical framework within which it is possible to analyse the interaction of markets in disequilibrium. It considers optimal firm and household behaviour in a dynamic sequence of the labour and commodity markets when there is imperfect information about wage offers and the supply price of labour. The study is mainly theoretical but several empirical phenomena are shown to have an important interpretation within the framework of the model. Models of individual behaviour dealt with in the book increase our understanding of the working of an economic system out of equilibrium by providing the foundation for such dynamic processes as the Keynesian multiplier and the Phillips curve. The analysis points to a short-run dynamic process which exhibits Keynesian features when involuntary unemployment coexists with frictional unemployment and Neoclassical features when involuntary unemployment falls to a very low level.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction\u003cbr\u003e Part I. Producers: 2. The supply of labour to the firm\u003cbr\u003e 3. Production and the demand for labour\u003cbr\u003e 4. Job offers: dynamic properties\u003cbr\u003e 5. Changes in the supply of labour and prices\u003cbr\u003e Part II. Workers and Consumers: 6. Job search\u003cbr\u003e 7. Consumption and savings\u003cbr\u003e 8. Interactions between consumption and job search\u003cbr\u003e 9. Job search: dynamic properties I\u003cbr\u003e 10. Job search: dynamic properties II\u003cbr\u003e 11. Unemployment and on-the-job search\u003cbr\u003e 12. Participation and job search\u003cbr\u003e Part III. Market Interaction: 13. Short-run equilibrium and long-run extensions\u003cbr\u003e 14. Towards a short-run macrodynamics\u003cbr\u003e 15. Conclusion\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Labour economics [\u003ca title=\"See our other books on Labour economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Labour%20economics%20%5BKCF%5D%22\"\u003eKCF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46006417326360,"sku":"9780521106061","price":43.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521106061i.jpg?v=1694976070","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/labour-market-adjustment-microeconomic-foundations-of-short-run-neoclassical-and-keynesian-dynamics-paperback-9780521106061","provider":"Freshly Printed Books","version":"1.0","type":"link"}