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(Ebook) Inflation, Stagflation, Relative Prices, and Imperfect Information by Alex Cukierman ISBN 9780521070843, 0521070848

  • SKU: EBN-4685930
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4.7

16 reviews
Instant download (eBook) Inflation, Stagflation, Relative Prices, and Imperfect Information after payment.
Authors:Alex Cukierman
Pages:216 pages.
Year:2008
Editon:1
Publisher:Cambridge University Press
Language:english
File Size:3.96 MB
Format:pdf
ISBNS:9780521070843, 0521070848
Categories: Ebooks

Product desciption

(Ebook) Inflation, Stagflation, Relative Prices, and Imperfect Information by Alex Cukierman ISBN 9780521070843, 0521070848

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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