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Inflation, Stagflation, Relative Prices, and Imperfect Information

Inflation, Stagflation, Relative Prices, and Imperfect Information

4155512
2383 руб.
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Описание
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.