Market Imperfections and Macroeconomic Dynamics

Part I: Globalization, Competition and Macroeconomic Performances. 1. Is Perfection Optimal? Employment and Product Market Competition; B. Amable, D. Gatti. 2. Human Capital, Local Labor Markets and Regional Integration; L. Rioux, T. Verdier. 3. A Long-Term Model for the World Economy; Ingenue Team. Part II: Money, Inflation and Macrodynamics. 4. Inflation and Productivity Differentials in EMU; P. De Grauwe, F. Skudelny. 5. Open Market Shocks in a Business Cycle Model with Financial Intermediation; B. Heer, A. Schabert. 6. Optimal Monetary Policy with Sticky Prices; M. Gail. Part III: Indeterminacy and Irreversibility. 7. Real Indeterminacy in a Cash-In-Advance Economy; S. Auray, F. Collard, P. Fève. 8. Borrowing Constraint and Indeterminacy; J.-P. Barinci, A. Chéron. 9. Irreversible Investment Under Uncertainty; A. Pommeret.