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Market Behaviour and Macroeconomic Modelling

by Steven Brakman (Editor), Hans van Ees (Editor), Simon Kuipers (Editor)

ISBN-10: 9780312214937
ISBN-10: 0-312-21493-6
ISBN-13: 9780312214937
ISBN-13: 978-0-312-21493-7
Hardcover
1998-10-15
Palgrave Macmillan


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Editorials


Product Description
Market Behaviour and Macroeconomic Modelling discusses several state-of-the-art developments in the modeling approach to market behavior in macroeconomic modeling. Leading experts in this field deal with the implications of market imperfections in commodity markets, capital markets and labor markets for macroeconomic modeling and stabilization policy. They demonstrate that incorporating market imperfections leads to very different policy recommendations than those derived from the standard perfect competition model.

Book Description
Market Behaviour and Macroeconomic Modelling discusses several state-of-the-art developments in the modeling approach to market behavior in macroeconomic modeling. Leading experts in this field deal with the implications of market imperfections in commodity markets, capital markets and labor markets for macroeconomic modeling and stabilization policy. They demonstrate that incorporating market imperfections leads to very different policy recommendations than those derived from the standard perfect competition model.


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