Market Behaviour and Macroeconomic Modelling

Steven Brakman, Hans Ees, Simon K. Kuipers

• 22 juli 1998
• 9780333718360

Samenvatting:

Market Behaviour and Macroeconomic Modelling discusses several state-of-the-art developments in the modelling approach to market behaviour in macroeconomic modelling.



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.