Imperfect Competition And Sticky Prices

Author : N. Gregory Mankiw,David Romer
Publisher : MIT Press
Page : 448 pages
File Size : 52,5 Mb
Release : 1991
Category : Business & Economics
ISBN : 0262631334

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Imperfect Competition and Sticky Prices by N. Gregory Mankiw,David Romer Pdf

These two volumes bring together a set of important essays that represent a "new Keynesian" perspective in economics today. This recent work shows how the Keynesian approach to economic fluctuations can be supported by rigorous microeconomic models of economic behavior. The essays are grouped in seven parts that cover costly price adjustment, staggering of wages and prices, imperfect competition, coordination failures, and the markets for labor, credit, and goods. An overall introduction, brief introductions to each of the parts, and a bibliography of additional papers in the field round out this valuable collection.Volume 1 focuses on how friction in price setting at the microeconomic level leads to nominal rigidity at the macroeconomic level, and on the macroeconomic consequences of imperfect competition, including aggregate demand externalities and multipliers. Volume 2 addresses recent research on non-Walrasian features of the labor, credit, and goods markets. Contributors George A Akerlof, Costas Azariadis, Laurence Ball, Ben S. Bernanke, Mark Bits, Olivier J. Blanchard, Alan S. Blinder, John Bryant, Andrew S. Caplin, Dennis W. Carlton, Stephen G. Cecchetti, Russell Cooper, Peter A. Diamond, Gary Fethke, Stanley Fischer, Robert E. Hall, Oliver Hart, Andrew John, Nobuhiro Kiyotaki, Alan B. Krueger, David M. Lilien, Ian M. McDonald, N. David Mankiw, Arthur M. Okun, Andres Policano, David Romer, Julio J. Rotemberg, Garth Saloner, Carl Shapiro, Andrei Shleifer, Robert M. Solow, Daniel F. Spulber, Joseph E. Stiglitz, Lawrence H. Summers, John Taylor, Andrew Weiss, Michael Woodford, Janet L. Yellen

Author : Melvin L. Greenhut,George Norman,Chao-Shun Hung
Publisher : Cambridge University Press
Page : 432 pages
File Size : 54,5 Mb
Release : 1987-01-30
Category : Business & Economics
ISBN : 0521315646

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The Economics of Imperfect Competition by Melvin L. Greenhut,George Norman,Chao-Shun Hung Pdf

This new approach to traditional price theory and to the analysis of imperfect competition represents a breakthrough in the development of a "new" microeconomic theory. Addresses issues in price theory, industrial organization, international trade and regional urban economics.

Author : Jean-Pascal Bénassy
Publisher : Edward Elgar Publishing
Page : 552 pages
File Size : 54,9 Mb
Release : 1995
Category : Business & Economics
ISBN : STANFORD:36105060613275

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Macroeconomics and Imperfect Competition by Jean-Pascal Bénassy Pdf

The macroeconomics of imperect competition has become in recent years a most influential paradigm, which many macroeconomists now prefer to the Classical of Keynesian ones, notably because of its clear and rigorous microfoundations. This volume collects and puts into perspective the leading contributions to this important and rapidly expanding field.

Author : Joan Robinson
Publisher : Springer
Page : 359 pages
File Size : 43,5 Mb
Release : 1969-07-01
Category : Business & Economics
ISBN : 9781349153206

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The Economics of Imperfect Competition by Joan Robinson Pdf

Author : Joan Violet ROBINSON
Publisher : Unknown
Page : 352 pages
File Size : 52,9 Mb
Release : 1976
Category : Competition
ISBN : OCLC:225082644

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The Economics of Imperfect Competition by Joan Violet ROBINSON Pdf

Author : Stephanie Schmitt-Grohe,Martin Uribe
Publisher : Unknown
Page : 44 pages
File Size : 49,5 Mb
Release : 2001
Category : Competition, Imperfect
ISBN : UVA:X006120548

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Optimal Fiscal and Monetary Policy Under Imperfect Competition by Stephanie Schmitt-Grohe,Martin Uribe Pdf

Author : George A. Akerlof,Laurence Ball,Oliver J. Blanchaard
Publisher : Unknown
Page : 468 pages
File Size : 42,5 Mb
Release : 1998
Category : Competition, Imperfect
ISBN : 0262631342

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New Keynesian Economics by George A. Akerlof,Laurence Ball,Oliver J. Blanchaard Pdf

Author : Michel De Vroey
Publisher : Cambridge University Press
Page : 451 pages
File Size : 52,8 Mb
Release : 2016-01-08
Category : Business & Economics
ISBN : 9780521898430

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A History of Macroeconomics from Keynes to Lucas and Beyond by Michel De Vroey Pdf

This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.

Author : Jordi Galí
Publisher : Princeton University Press
Page : 295 pages
File Size : 44,8 Mb
Release : 2015-06-09
Category : Business & Economics
ISBN : 9781400866274

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Monetary Policy, Inflation, and the Business Cycle by Jordi Galí Pdf

The classic introduction to the New Keynesian economic model This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigorous graduate-level introduction to the New Keynesian framework and its applications to monetary policy. The New Keynesian framework is the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations, and welfare. A backbone of the new generation of medium-scale models under development at major central banks and international policy institutions, the framework provides the theoretical underpinnings for the price stability–oriented strategies adopted by most central banks in the industrialized world. Using a canonical version of the New Keynesian model as a reference, Jordi Galí explores various issues pertaining to monetary policy's design, including optimal monetary policy and the desirability of simple policy rules. He analyzes several extensions of the baseline model, allowing for cost-push shocks, nominal wage rigidities, and open economy factors. In each case, the effects on monetary policy are addressed, with emphasis on the desirability of inflation-targeting policies. New material includes the zero lower bound on nominal interest rates and an analysis of unemployment’s significance for monetary policy. The most up-to-date introduction to the New Keynesian framework available A single benchmark model used throughout New materials and exercises included An ideal resource for graduate students, researchers, and market analysts

Author : Donald J. Dewey
Publisher : Unknown
Page : 205 pages
File Size : 46,7 Mb
Release : 1970
Category : Competition, Imperfect
ISBN : OCLC:848232778

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The Theory of Imperfect Competition by Donald J. Dewey Pdf

Author : Raghbendra Jha
Publisher : New Age International
Page : 438 pages
File Size : 54,8 Mb
Release : 2008
Category : Macroeconomics
ISBN : 8122401457

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Contemporary Macroeconomic Theory and Policy by Raghbendra Jha Pdf

This Book Is An Exhaustive Study Of Current Macroeconomic Theory. It Starts From The First Principles Of Macroeconomics In Part I And Develops The Orthodox Keynesian Approach With Fixed And Flexible Prices In Part Ii. In Part Iii The Author Discusses The Modem Theories Of Inflation And Unemployment. Among The Topics Covered Are Phillips Curves And Natural Rate Of Unemployment, The Accelerationist Controversy, Rational Expectations, Staggered Wage Setting And New Classical Macroeconomics.In Part Iv The Theoretical Underpinnings Of Key Empirical Macro Relations Such As The Consumption Function, Investment Function, And Demand And Supply Of Money Are Discussed. Part V Concentrates On Open Economy Aspects Of Macroeconomics. Both Current Account And Asset Balance Approaches Are Discussed And There Is An Exhaustive Treatment Of Policy Making In Open Economies. Part Vi Considers Medium Term Dynamics Of The Public Debt And Business Cycles. Part Vii Concentrates On Real And Monetary Growth And Also Considers Optimal Economic Growth. Part Viii Considers Two Important Issues In Current Research And Debate: Stagflation, And New Keynesian Theory.This Book Has Been Written Primarly As A Text For Postgraduate And Upper Level Undergraduate Students. It Is Also Very Useful For Policy Makers And Research Students.

Author : Melvin L. Greenhut
Publisher : Edward Elgar Publishing
Page : 616 pages
File Size : 40,9 Mb
Release : 1995
Category : Business & Economics
ISBN : STANFORD:36105018469234

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Spatial Microeconomics by Melvin L. Greenhut Pdf

These volumes extend classical location theory from its least cost approach to a maximum profit framework and revitalize neoclassical microeconomics by adding a spatial dimension.

Author : John Maynard Keynes
Publisher : Unknown
Page : 0 pages
File Size : 47,6 Mb
Release : 1991
Category : Economics
ISBN : LCCN:48031064

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

Author : Alfredo Del Monte
Publisher : Springer
Page : 324 pages
File Size : 53,7 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349117710

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Recent Developments in the Theory of Industrial Organization by Alfredo Del Monte Pdf

New forms of organisation and market behaviour are emerging to replace and reshape older forms. This has produced great uncertainty in industrial organization theory. The purpose of this volume is to review and present some of the new approaches developed in industrial organization. The material is organised into four sections: recent approaches to Industrial Organisation, the behaviour of individual firms and the characteristics of industrial systems as a whole, new theories of the firm and market structure and technical progress and market structure - some special issues.

Author : Sergio Nisticò,Domenico Tosato
Publisher : Routledge
Page : 417 pages
File Size : 46,6 Mb
Release : 2002-03-14
Category : Business & Economics
ISBN : 9781134542758

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Competing Economic Theories by Sergio Nisticò,Domenico Tosato Pdf

Providing a contemporary overview of the debate amongst theoretical stands in economics, this book brings together contributions from a number of eminent scholars. It covers important issues in methodology and the history of thought, as well as economic analysis. The book is structured in five parts which: focus on the relevance of the history of economic ideas for current economic analysis centre on the role of classical theory of value and distribution contrast the equilibrium approach with an out-of-equilibrium perspective offer an evaluation of the legacy of Keynes in the light of the recent development of macroeconomics is dedicated to the issue of how institutions ought to be embedded in current economic theorising. Providing up-to-date, fresh and detailed perspectives on economic theory, this book will prove invaluable for students and academics in the fields of the history of economics, and contemporary economic theory.