Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics - Couverture rigide

Nishimura, Kiyohiko

 
9780198286172: Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics
Couverture rigide
ISBN 10 : 0198286171 ISBN 13 : 9780198286172
Editeur : Clarendon Press, 1992

Synopsis

This volume links a microeconomic model of imperfectly informed firms in monopolistic competition to a general theory of wage and price setting in a macroeconomic model. The analysis is based on profit maximization and rational behaviour and is thus in line with the newly-emerged New Keynesian approach in its emphasis on the microeconomic foundation of macroeconomics. The volume goes on to explain four stylized facts in macroeconomics: nominal rigidity, real rigidity, cost-oriented prices and widespread lack of indexation in an inflationary environment, presented in a New Keynesian framework. The analysis also provides new insight into the role of competition in an economy with imperfectly and differentially informed firms. It shows that increased competition may increase nominal as well as real price rigidity and increased volatility of investment.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Clarendon Press
Date d'édition
1992
Langue
anglais
ISBN 10 
0198286171
ISBN 13 
9780198286172
Reliure
Relié
Nombre de pages
240
Coordonnées du fabricant
non disponible
Personne responsable
Ufficio Anagrafiche Messaggerie
ufficio.anagrafiche@meli.it

Via Verdi, 8
Assago Milano
20090
Italie

Autres éditions populaires du même titre

9780198290391: Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics

Edition présentée

ISBN 10 :  019829039X ISBN 13 :  9780198290391
Editeur : Clarendon Press, 1995
Couverture souple