Inflation, Stagflation, Relative Prices, and Imperfect Information

Alex Cukierman

Cambridge University Press, 2008

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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.

ISBN-13
9780521070843
ISBN-10
0521070848
Publisher
Cambridge University Press
Year
2008
Publication date
2008-08-28
Pages
220
Dimensions
151x228x20
Weight
346