Inflation, Stagflation, Relative Prices, and Imperfect...

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Inflation, Stagflation, Relative...

Inflation, Stagflation, Relative Prices, and Imperfect Information

Name: Inflation, Stagflation, Relative Prices, and Imperfect Information
ISBN: 9780521070843

Alex Cukierman

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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.

వర్గాలు:

Business & Economics

సంవత్సరం:

2008

ముద్రణం:

ప్రచురణకర్త:

Cambridge University Press

భాష:

english

పేజీల సంఖ్య:

216

ISBN 10: