{"product_id":"the-new-macroeconomics-imperfect-markets-and-policy-effectiveness-paperback-9780521479479","title":"The New Macroeconomics; Imperfect Markets and Policy Effectiveness (Paperback) 9780521479479","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe New Macroeconomics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eImperfect Markets and Policy Effectiveness\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eBrings together leading researchers from the USA and Europe to examine the literature on the new macroeconomics.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHuw David Dixon (Author), Neil Rankin (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521479479, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 19 October 1995\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e404 pages, 54 b\/w illus.  8 tables\u003cbr\u003e22.9 x 15.2 x 2.3 cm, 0.59 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\"\u003eThis 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eIntroduction Huw Dixon and Neil Rankin\u003cbr\u003e Part I. Overviews and Perspectives: 1. Classical and Keynesian features in macroeconomic models with imperfect competition Jean-Pascal Bénassy\u003cbr\u003e 2. Imperfect competition and macroeconomics: a survey Huw Dixon and Neil Rankin\u003cbr\u003e 3. Notes on imperfect competition and new Keynesian economics Richard Startz\u003cbr\u003e Part II. Goods Market Imperfections: 4. Optimal labour contracts and imperfect competition: a framework for analysis Russell Cooper\u003cbr\u003e 5. Market power, coordination failures and endogenous fluctuations Claude d'Aspremont, Rodolphe Dos Santos Ferreira, and Louis-André Gérard-Varet\u003cbr\u003e 6. Macroeconomic externalities Andrew John\u003cbr\u003e Part III. Labour Market Imperfections: 7. Demand uncertainty and unemployment in a monopoly union model Omar Licandro\u003cbr\u003e 8. Efficiency wages as a persistence mechanism Gilles Saint-Paul\u003cbr\u003e 9. Efficiency, enforceability and acyclical wages Christian Schultz\u003cbr\u003e 10. Business fluctuations, worker moral hazard and optimal environment policy Jon Strand\u003cbr\u003e Part IV. Financial Market Imperfections: 11. The stock market and equilibrium recessions Jeff Frank\u003cbr\u003e 12. Asymmetric information, investment finance and real business cycles Brian Hillier and Tim Worrall\u003cbr\u003e Part V. Nominal Rigidities and Bounded Rationality: 13. Hedging, multiple equilibria and nominal contracts Daron Acemoglu\u003cbr\u003e 14. Information acquisition and nominal price adjustment Torben M. Andersen and Morten Hviid\u003cbr\u003e 15. Expectation calculation, hyperinflation and currency collapse George W. Evans and Garey Ramey\u003cbr\u003e 16. Menu costs and aggregate price dynamics Alan Sutherland\u003cbr\u003e Bibliography.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\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":46007690559768,"sku":"9780521479479","price":32.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521479479i_08c1cb2e-4c79-4522-9711-7a42cdadc0f8.jpg?v=1691382904","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-new-macroeconomics-imperfect-markets-and-policy-effectiveness-paperback-9780521479479","provider":"Freshly Printed Books","version":"1.0","type":"link"}