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Economic Principles and Policy for the New Economy

In: Endogenous Market Structures and the Macroeconomy

Author

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  • Federico Etro

    (Università Milano-Bicocca)

Abstract

In this chapter we review the main results of the EMSs approach to macro-economics. For simplicity, we summarize them in ten principles, half of which have a positive nature, in the sense that they describe crucial aspects of the way the economy works, and half of which have a normative nature, in the sense that they provide policy implications. The discussion is going to be largely informal and try to link our theoretical results to the current economic debates on macroeconomic issues and on relevant market structures, in particular of the New Economy.

Suggested Citation

  • Federico Etro, 2009. "Economic Principles and Policy for the New Economy," Springer Books, in: Endogenous Market Structures and the Macroeconomy, chapter 6, pages 247-308, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-87427-0_6
    DOI: 10.1007/978-3-540-87427-0_6
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