Dynamic General Equilibrium Models With Imperfectly Competitive Product Markets

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.

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