Dynamic Macroeconomics with Imperfect Competition (Paperback, Softcover Repri)

Introduction.- Subjective and objective equilibria.- Introduction.- The basic framework.- Perfect foresight and equilibrium concepts.- Learning dynamics.- Summary.- General equilibrium with imperfect competition.- Introduction.- Quantity competition.- Price competition.- Summary.- Intertemporal macroeconomic equilibrium.- Introduction.- Temporary and intertemporal equilibrium.- Indeterminacy of perfect foresight equilibria and involuntary unemployment.- Indeterminacy of rational expectations equilibria.- Summary and discussion.- A dynamic macroeconomic model with price setting firms.- Introduction.- The economy.- A parametric specification.- Analysis of the dynamics.- Summary and discussion.- Final remarks.