Alex Cukierman

Inflation, Stagflation, Relative Prices, and Imperfect Information

• Broschiertes Buch

Produktbeschreibung

This book surveys the imperfect-information approach to inflation and its real effects.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 220
• Erscheinungstermin: 5. Mai 2008
• Englisch
• Abmessung: 229mm x 152mm x 13mm
• Gewicht: 365g
• ISBN-13: 9780521070843
• ISBN-10: 0521070848
• Artikelnr.: 24727309

Inhaltsangabe

1. A general overview; Part I. Aggregate-relative confusion: 2. Asymmetric
information in economics and the information conveyed by prices and other
signals; 3. Aggregate-relative confusion: implications for the Phillips
curve; 4. Aggregate-relative confusion: implications for the distribution
of inflationary expectations and for inflation uncertainty; 5. Implications
of inflation uncertainty and differential inflationary expectations for the
bond market and its allocative efficiency; 6. Aggregate-relative confusion:
implications for relative price variability; 7. Place of the
aggregate-relative confusion within the economics of asymmetric
information: some concluding reflections; Part II. Permanent-transitory
confusion: 8. Permanent-transitory confusion and other reasons for
persistence: overview; 9. Permanent-transitory confusion: implications for
stagflation and the persistence of unemployment; 10. Permanent-transitory
confusion: implications for monetary policy and the efficiency of the price
system; 11. Permanent-transitory confusion: implications for relative price
variability and inflation.