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Price rigidity : causes and macroeconomic implications

Author: Torben M Andersen
Publisher: Oxford [England] : Clarendon Press ; New York : Oxford University Press, 1994.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
The price adjustment process is crucial to almost any macroeconomic issue. Current macroeconomic literature features widely different models ranking from instantaneous price adjustment to completely rigid prices. Professor Andersen provides a comprehensive analysis of reasons why prices may fail to adjust instantaneously to changes in market conditions. This unified treatment will allow the reader to understand the
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Document Type: Book
All Authors / Contributors: Torben M Andersen
ISBN: 0198287607 9780198287605
OCLC Number: 30594202
Description: 186 pages : illustrations ; 23 cm
Contents: 1. Introduction --
2. Empirical Evidence --
3. Imperfect Competition and Price Adjustment --
4. Real Price Rigidity --
5. Menu Costs --
6. Imperfect Information --
7. Asynchronization --
8. Price-Wage Interactions --
9. What have we learned?
Responsibility: Torben M. Andersen.
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Abstract:

The price adjustment process is crucial to almost any macroeconomic issue. This study provides a concise explanation of why prices may fail to adjust instantly, integrating existing results with the  Read more...

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