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Books > Business & Economics > Economics > Macroeconomics > Monetary economics

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Inflation, Stagflation, Relative Prices, and Imperfect Information (Paperback) Loot Price: R884
Discovery Miles 8 840
Repayment Terms: R83 pm x 12*
Inflation, Stagflation, Relative Prices, and Imperfect Information (Paperback): Alex Cukierman

Inflation, Stagflation, Relative Prices, and Imperfect Information (Paperback)

Alex Cukierman

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Loot Price R884 Discovery Miles 8 840 | Repayment Terms: R83 pm x 12*

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This book surveys the imperfect-information approach to inflation and its real effects. Two types of informational limitation are considered. One involves situations in which individuals have asymmetric information about the current general price level and consequently confuse relative and aggregate changes in prices. The other considers situations in which individuals cannot distinguish permanent from transitory changes as soon as they occur, creating a temporary but persistent confusion between such changes. The author presents the arguments within the context of the recent re-evaluations by economists of previously established views concerning inflation and its interaction with real phenomena.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Release date: August 2008
First published: August 2008
Authors: Alex Cukierman
Dimensions: 229 x 152 x 13mm (L x W x T)
Format: Paperback - Trade
Pages: 220
ISBN-13: 978-0-521-07084-3
Categories: Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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LSN: 0-521-07084-8
Barcode: 9780521070843

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