Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets
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Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets explores the complexities of macroeconomic modeling when incorporating elements of imperfect competition. Authored by Julio Rotemberg and Michael Woodford, this work provides a rigorous analysis of how deviations from perfect competition influence macroeconomic outcomes. The book delves into the theoretical underpinnings of dynamic general equilibrium (DGE) models, offering insights into the effects of market power, price stickiness, and strategic interactions among firms. By bridging microeconomic foundations with...
Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets explores the complexities of macroeconomic modeling when incorporating elements of imperfect competition. Authored by Julio Rotemberg and Michael Woodford, this work provides a rigorous analysis of how deviations from perfect competition influence macroeconomic outcomes. The book delves into the theoretical underpinnings of dynamic general equilibrium (DGE) models, offering insights into the effects of market power, price stickiness, and strategic interactions among firms. By bridging microeconomic foundations with macroeconomic dynamics, this study enhances our understanding of business cycles, monetary policy, and the overall performance of the economy. This book remains relevant for economists, researchers, and students seeking a deeper understanding of modern macroeconomic theory. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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