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Macroeconomics and Imperfect Competition

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The macroeconomics of imperfect competition is a field which has witnessed an almost exponential growth in the last twenty years. The reason for this success is simple as this field combines two important, and hitherto incompatible, features: On one hand, like Walrasian or new classical macroeconomics it has fully rigorous microeconomic foundations. On the other hand, like Keynesian macroeconomics (which itself lacked such foundations) it can produce underemployment of resources and macroeconomic coordination failures. This ...

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Macroeconomics and Imperfect Competition 1995, Edward Elgar Publishing, Cheltenham

ISBN-13: 9781852788490

Hardcover