Focuses on imperfect competition, interest-rate setting central banks, and knowledge-based growth. This book provides micro-foundations for the Philips curve, f... » 

Focuses on imperfect competition, interest-rate setting central banks, and knowledge-based growth. This book provides micro-foundations for the Philips curve, for persistent involuntary unemployment, for aggregate consumption and investment behaviour, and for inflation-targetting. It is useful for non-specialists in macroeconomics. «