The New Macroeconomics : Imperfect Markets and Policy Effectiveness (Hardcover)

Introduction Huw Dixon and Neil Rankin; Part I. Overviews and Perspectives: 1. Classical and Keynesian features in macroeconomic models with imperfect competition Jean-Pascal Benassy; 2. Imperfect competition and macroeconomics: a survey Huw Dixon and Neil Rankin; 3. Notes on imperfect competition and new Keynesian economics Richard Startz; Part II. Goods Market Imperfections: 4. Optimal labour contracts and imperfect competition: a framework for analysis Russell Cooper; 5. Market power, coordination failures and endogenous fluctuations Claude d'Aspremont, Rodolphe Dos Santos Ferreira, and Louis-Andre Gerard-Varet; 6. Macroeconomic externalities Andrew John; Part III. Labour Market Imperfections: 7. Demand uncertainty and unemployment in a monopoly union model Omar Licandro; 8. Efficiency wages as a persistence mechanism Gilles Saint-Paul; 9. Efficiency, enforceability and acyclical wages Christian Schultz; 10. Business fluctuations, worker moral hazard and optimal environment policy Jon Strand; Part IV. Financial Market Imperfections: 11. The stock market and equilibrium recessions Jeff Frank; 12. Asymmetric information, investment finance and real business cycles Brian Hillier and Tim Worrall; Part V. Nominal Rigidities and Bounded Rationality: 13. Hedging, multiple equilibria and nominal contracts Daron Acemoglu; 14. Information acquisition and nominal price adjustment Torben M. Andersen and Morten Hviid; 15. Expectation calculation, hyperinflation and currency collapse George W. Evans and Garey Ramey; 16. Menu costs and aggregate price dynamics Alan Sutherland; Bibliography.