Jean-Michel Grandmont

Main contributions include: Introduction of Money into General Equilibrium Theory, of Time and Expectation Formation in Equilibrium Theory (Theory of Temporary General Equilibrium); Contributions to Price Setting and Disequilibrium Theory, and its Relation to Macroeconomics and the Theory of Unemployment; Distributions of Individual Characteristics and Aggregation through Majority Voting; Contributions to the Theory of Indeterminacy, and Deterministic or Stochastic Endogenous Fluctuations, in particular through Bifurcations of Nonlinear Economic Dynamical Systems; Analysis of Learning Dynamics and (non)Convergence to Rational Expectations; Distributions of Heterogeneous Individual Characteristics and Aggregate Macroeconomic Behavior in Competitive or non Competitive Markets.