In this book, Jean-Pascal Benassy attempts to integrate into a single unified
framework dynamic macroeconomic models reflecting such diverse lines of thought as general
equilibrium theory, imperfect competition, Keynesian theory, and rational expectations. He begins
with a simple microeconomic synthesis of imperfect competition and nonclearing markets in general
equilibrium under rational expectations. He then applies this framework to a large number of dynamic
macroeconomic models, covering such topics as persistent unemployment, endogenous growth, and
optimal fiscal-monetary policies. The macroeconomic methodology he uses is similar in spirit to that
of the popular real business cycles theory, but the scope is much wider. All of the models are
solved "by hand," making the underlying economic mechanisms particularly clear.