Price rigidity: causes and macroeconomic implications
Auteur :
Andersen, Torben M.
Éditeur :
Oxford University Press
ISBN :
9780198287605
Date de publication :
17 nov. 1994
Dimensions :
22,4 x 14,2 x 1,6 cm
Poids :
364 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
The price adjustment process is crucial to almost any macroeconomic issue. Professor Andersen has provided a comprehensive and unified analysis of why prices may fail to adjust instantly, integrating existing results from the literature with his new work on asymmetric information and imperfect competition. This is a valuable and lucid treatment of the issue.