Titlebook: Dynamic Macroeconomics with Imperfect Competition; Leo Kaas Book 1999 Springer-Verlag Berlin Heidelberg 1999 Dynamische Makroökonomie.Glei

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Book 1999oundation (DFG). The starting point was the central question of how to integrate price setting firms in a dynamic disequilibrium model. Almost all recent literature on imperfect competition in macroeconomics applies the objective demand approach by assuming that firms know the true demand curve they

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0075-8442 onomics, supported by the German Research Foundation (DFG). The starting point was the central question of how to integrate price setting firms in a dynamic disequilibrium model. Almost all recent literature on imperfect competition in macroeconomics applies the objective demand approach by assuming

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Preferences in Database Queries interaction are described explicitly. Only models with a microeconomic foundation are immune to criticism concerning “ad hoc”— assumptions of macroeconomic relationships, and only these models allow an assessment of welfare effects of policy measures.

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0075-8442 ng rationality requirements and existence problems, but also by the observation that it cannot be applied successfully to characterize determinate rational expectations equilibria in intertempo978-3-540-66029-3978-3-642-58479-4Series ISSN 0075-8442 Series E-ISSN 2196-9957

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