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Endogenous Market Structures and the Macroeconomy

Federico Etro

Editore: Springer-Verlag Gmbh Jul 2009, 2009
ISBN 10: 3540874267 / ISBN 13: 9783540874263
Nuovi / Buch / Quantità: 1
Da Rhein-Team Lörrach Ivano Narducci e.K. (Lörrach, Germania)
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Titolo: Endogenous Market Structures and the ...

Casa editrice: Springer-Verlag Gmbh Jul 2009

Data di pubblicazione: 2009

Legatura: Buch

Condizione libro: Neu


Neuware - This is a key year for the evolution of international markets. The global economy is experiencing the most severe downturn since the thirties, it is temporarily leaving a path of sustained growth that characterized the last decades, and is facing an impressive decline of trade between countries. Banks are going bankrupt, the stock market has crashed, rms are going out of bu- ness or drastically reducing their production and exports, workers are being red and investment in new business creation or innovation is shrinking. Meanwhile, consumers con dence has dropped at its minimum, aggregate demand has been declining for months and expansionary policies and int- national coordination have failed to counteract the crisis until now. It is quite likely that all this will change sooner or later, but at the end of this crisis our understanding of the macroeconomy may change as well. In front of these crucial events, this book is not an attempt at proposing a radically new way of interpreting macroeconomic phenomena, and, as a m- ter of fact, it is not even a book on macroeconomic theory. My more modest goal is to collect a number of insights derived from recent research on the role of competition and innovation in the analysis of three topics: business cycles, trade and growth through innovations. 346 pp. Englisch. Codice inventario libreria 9783540874263

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Riassunto: The book introduces a new approach to macroeconomics based on endogenous market structures (EMSs), with a close focus on business cycles, international trade and policy and growth. Chapter 1 reviews the standard neoclassical approach to macroeconomics. Chapter 2 extends it to EMSs with strategic interactions and endogenous entry of firms. Chapter 3 introduces EMSs in a model of the business cycle, shows that they allow us to outperform RBC models in explaining the cyclical variability of US data, and studies fiscal and monetary policy. Chapter 4 introduces EMSs in international trade, applies them to a dynamic framework and derives implications for trade policy, R&D policy and exchange rate policy. Chapter 5 introduces EMSs in the competition for the market and in the theory of Schumpeterian growth and provides an empirical test of the EMSs approach. Chapter 6 concludes with a non-technical discussion of the main results and employs them to discuss a number of recently debated issues.

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Libreria: Rhein-Team Lörrach Ivano Narducci e.K.
Indirizzo: Lörrach, Germania

Libreria AbeBooks dal: 11 gennaio 2012
Valutazione libreria: 5 stelle

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