Inflation, Stagflation, Relative Prices, and Imperfect Information

Name: Inflation, Stagflation, Relative Prices, and Imperfect Information
Author: Alex Cukierman

Alex Cukierman

Cambridge University Press

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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. The other considers situations in which individuals cannot distinguish permanent from transitory changes as soon as they occur.

Výběr knih vydavatele Cambridge University Press