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Macroeconomic Theory - Oxford Scholarship Online
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Macroeconomic Theory

Jean-Pascal Benassy


This book is a primer in macroeconomics. It starts from essential macroeconomics and develops the central topics of modern macroeconomic theory in a simple and rigorous manner. Topics covered include rational expectations, intertemporal dynamic models, exogenous and endogenous growth, nonclearing markets and imperfect competition, uncertainty, and money. The book also covers real business cycles and dynamic stochastic general equilibrium models, integrating growth and fluctuations, sticky wages and prices, consumption and investment, and unemployment. Lastly, it studies government policy, stab ... More

Keywords: macroeconomics, rational expectations, intertemporal dynamic model, exogenous growth, endogenous growth, nonclearing markets, imperfect competition, uncertainty, money

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780195387711
Published to Oxford Scholarship Online: April 2015 DOI:10.1093/acprof:osobl/9780195387711.001.0001


Affiliations are at time of print publication.

Jean-Pascal Benassy, author
Director of Research, National Center for Scientific Research (CNRS)