Underemployment equilibria : essays in theory, econometrics and policy

Bok av Jacques H. Drèze
This 1991 book is a selection of Jacques Drze's work over the last decade on the topics of lasting unemployment, stagflation and unused capacity. At the theoretical level, the author has contributed to the formulation and analysis of general equilibrium models which allow for price rigidities and excess supply and lend themselves to econometric implementation, thus represents an attempt to integrate micro- and macroeconomics, and to use theory for empirical and policy purposes.