caa a22 4500 463158458 CHVBK 20180406164741.0 cr unu---uuuuu 170326e20070801xx s 000 0 eng 10.1007/s10258-007-0026-9 doi (NATIONALLICENCE)springer-10.1007/s10258-007-0026-9 Dixon Huw Cardiff Business School, Aberconway Building, Colum Drive, CF10 3EU, Cardiff, UK aut Special issue: imperfect competition and contemporary macroeconomics. Editor's introduction [Elektronische Daten] [Huw Dixon] This paper introduces the special issue by tracing out the history of imperfect competition in macroeconomics, particularly since 1980. It argues that in the search for a micro-foundation for nominal rigidity it was necessary to abandon the assumption of competitive equilibrium where all agents are price-takers. This led to models where firms and other optimising agents set wages and prices which were part of the new Keynesian economics of the 1980s. When these were combined with quantitative dynamic equilibrium methods it gave rise to the new neoclassical synthesis models which dominate macroeconomics today. The assumption of imperfect competition provides an equilibrium with different properties to the competitive, and one particular focus is on the relationship between the markup and the fiscal multiplier. Springer-Verlag, 2007 Competition nationallicence Imperfect nationallicence Nominal nationallicence Rigidity nationallicence New nationallicence Portuguese Economic Journal Springer-Verlag 6/2(2007-08-01), 89-93 1617-982X 6:2<89 2007 6 10258 https://doi.org/10.1007/s10258-007-0026-9 text/html Onlinezugriff via DOI 1 editorial jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10258-007-0026-9 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Dixon Huw Cardiff Business School, Aberconway Building, Colum Drive, CF10 3EU, Cardiff, UK aut NATIONALLICENCE 773 0- Portuguese Economic Journal Springer-Verlag 6/2(2007-08-01), 89-93 1617-982X 6:2<89 2007 6 10258 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer