Market Behaviour and Macroeconomic Modelling discusses several
state-of-the-art 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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