Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics

Released on by Kiyohiko G. Nishimura
preview-18

  • Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics Book Detail

  • Author : Kiyohiko G. Nishimura
  • Release Date : 1995
  • Publisher : Oxford University Press
  • Genre : Business & Economics
  • Pages : 250
  • ISBN 13 : 9780198290391
  • File Size : 48,48 MB
DOWNLOAD BOOK

Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics by Kiyohiko G. Nishimura PDF Summary

Book Description: This volume links a microeconomic model of imperfectly informed firms and unions in monopolistic competition to a general theory of wage- and price-setting in a macroeconomic model. The analysis is based on a profit maximization and rational behaviour and is thus in line with the newly emerged New Keynesian approach in its emphasis on the microeconomic foundation of macroeconomics. The volume goes on to explain three stylized facts in macroeconomics: nominal rigidity, real rigidity, and cost-oriented prices, presented in a coherent New Keynesian framework. The analysis also provides new insight into the role of competition in an economy with imperfectly and differentially informed firms. It shows that increased competition may increase nominal as well as real price rigidity and increased volatility of investment.

Disclaimer: www.yourbookbest.com does not own Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Macroeconomics and Imperfect Competition

Macroeconomics and Imperfect Competition

File Size : 97,97 MB
Total View : 8558 Views
DOWNLOAD

The macroeconomics of imperect competition has become in recent years a most influential paradigm, which many macroeconomists now prefer to the Classical of Key

The New Macroeconomics

The New Macroeconomics

File Size : 46,46 MB
Total View : 8688 Views
DOWNLOAD

Brings together leading researchers from the USA and Europe to examine the literature on the new macroeconomics.