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The price adjustment process is crucial to almost any macroeconomic issue. Professor Andersen has provided a comprehensive and unified analysis of why prices may fail to adjust instantly, integrating existing results from the literature with his new work on asymmetric information and imperfect competition. This is a valuable and lucid treatment of the issue.
- Format: Inbunden
- ISBN: 9780198287605
- Språk: Engelska
- Antal sidor: 194
- Utgivningsdatum: 1994-11-01
- Förlag: Clarendon Press