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Inflation Stagflation Relative Prices And Imperfect Information 1st Edition Alex Cukierman

  • SKU: BELL-4685930
Inflation Stagflation Relative Prices And Imperfect Information 1st Edition Alex Cukierman
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Inflation Stagflation Relative Prices And Imperfect Information 1st Edition Alex Cukierman instant download after payment.

Publisher: Cambridge University Press
File Extension: PDF
File size: 3.96 MB
Pages: 216
Author: Alex Cukierman
ISBN: 9780521070843, 0521070848
Language: English
Year: 2008
Edition: 1

Product desciption

Inflation Stagflation Relative Prices And Imperfect Information 1st Edition Alex Cukierman by Alex Cukierman 9780521070843, 0521070848 instant download after payment.

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.

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