Market Behaviour and Macroeconomic Modelling

Market Behaviour and Macroeconomic Modelling
Format
Hardback
Publisher
Palgrave Macmillan
Country
United Kingdom
Published
22 July 1998
Pages
416
ISBN
9780333718360

Market Behaviour and Macroeconomic Modelling

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This work discusses several developments in the modelling approach to market behaviour in macroeconomic modelling. Leading experts in this field deal with the implications of market imperfections in commodity markets, capital markets and labour markets for macroeconomic modelling 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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