MACMILLAN Market Behaviour and Macroeconomic Modelling Book

Explore state-of-the-art developments in macroeconomic modelling with this specialized text from MACMILLAN. This book provides a deep look into how market behaviour affects large-scale economic models, moving beyond the limitations of standard perfect competition theories. Written by leading experts in the field, the content examines the real-world implications of market imperfections. You will learn how these imperfections function within commodity markets, capital markets, and labour markets, and how they impact overall macroeconomic modelling. By studying these complexities, readers can understand why incorporating market imperfections leads to policy recommendations that differ significantly from those derived from traditional models. This text is an essential resource for those studying economics, finance, and stabilization policy who require a more accurate understanding of market dynamics.