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Inflation, Stagflation, Relative Prices, and Imperfect Information

By: Alex Cukierman (Author)

Manufacture on Demand

Ksh 6,700.00

Format: Paperback or Softback

ISBN-13: 9780521070843

Publisher: Cambridge University Press

Publication Date: Aug 28th, 2008

Weight: 346 grams

Dimension: 15.10 x 22.80 x 2.00 cms

Category: Monetary economics

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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.

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