Inflation, Stagflation, Relative Prices, and Imperfect Information
Book Details
Format
Paperback / Softback
ISBN-10
0521070848
ISBN-13
9780521070843
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 28th, 2008
Print length
220 Pages
Weight
346 grams
Dimensions
15.10 x 22.80 x 2.00 cms
Product Classification:
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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