This 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 U.S. and Europe to examine the
implications for macroeconomic policy of market imperfections in
output, labor and financial markets. All the contributions are
original, and include several general surveys and expository
chapters that synthesize the larger 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.
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