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Inflation, Stagflation, Relative Prices, and Imperfect Information | 
 enlarge | Author: Alex Cukierman
Publisher: Cambridge University Press
Category: Book
List Price: $29.99
Buy New: $25.74
You Save: $4.25 (14%)
New (16) Used (5) from $25.74
Sales Rank: 2094604
Media: Paperback
Edition: 1
Pages: 220
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 6 x 0.6
ISBN: 0521070848
Dewey Decimal Number: 339
EAN: 9780521070843
ASIN: 0521070848
Publication Date: August 28, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: BRAND NEW
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Product Description
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.
Book Description
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.
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