Inflation, stagflation, relative prices, and imperfect information
Auteur :
Cukierman, Alex
Éditeur :
Cambridge University Press
ISBN :
9780521070843
Date de publication :
28 août 2008
Dimensions :
22,5 x 15,2 x 1,3 cm
Poids :
730 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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. The other considers situations in which individuals cannot distinguish permanent from transitory changes as soon as they occur.