Inflation, Stagflation, Relative Prices, and Imperfect Information

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9780521070843: Inflation, Stagflation, Relative Prices, and Imperfect Information
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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 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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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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Alex Cukierman is Professor of Economics at Tel Aviv University.

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9780521256308: Inflation, Stagflation, Relative Prices, and Imperfect Information

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ISBN 10:  0521256305 ISBN 13:  9780521256308
Publisher: Cambridge University Press, 1984
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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2008. Paperback. Condition: New. Language: English . Brand New Book ***** Print on Demand *****. 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. Seller Inventory # AAV9780521070843

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Book Description Cambridge University Press. Paperback. Condition: New. 220 pages. Dimensions: 8.9in. x 6.0in. x 0.6in.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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Seller Inventory # 9780521070843

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Book Description Cambridge Univ Pr, 2008. Paperback. Condition: Brand New. 1st edition. 216 pages. 9.00x6.00x0.75 inches. In Stock. Seller Inventory # __0521070848

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