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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Price Rigidity: Causes and Macroeconomic Implications

Price Rigidity: Causes and Macroeconomic Implications

Andersen, Torben M.

Hardcover

Economics

ISBN10: 0198287607
ISBN13: 9780198287605
Publisher: Clarendon Press
Published: Jan 12 1995
Pages: 194
Weight: 0.93
Height: 0.75 Width: 5.80 Depth: 8.70
Language: English
The price adjustment process is crucial to almost any macroeconomic issue. Anderson provides here a comprehensive and unified analysis of why prices may fail to adjust instantly, integrating the existing literature with his own new work on asymmetric information and imperfect competition. This unified treatment will allow readers to understand the mechanisms at work without becoming lost in technical details. This volume covers both real and nominal price ridigidites and integrates existing results from the literature with new results on causes for failures of price adjustment. Andersen's own theoretical work on imperfect information, a prime source of price and wage rigidity, is given prominence in the book. The volume is thus a combination of a valuable survey of the literature, and an original expression of future possible research avenues.

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