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The New Macroeconomics: Imperfect Markets and Policy Effectiveness Condition:Like New Experience the timeless elegance ofThis book focuses on the rapidly growing research field of imperfect competition, asymmetric information, and other market imperfections in a macroeconomic context. It brings together leading researchers from the U. S. and Europe to examine the implications for macroeconomic policy of market imperfections in output, labor, and financial markets. All the contributions are original and include several general surveys and expository chapters that