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Imperfect Competition, Differential Information, and Microfoundations of Macroeconomics

Nishimura, Kiyohiko G.

Editore: Oxford University Press, 1992
ISBN 10: 0198286171 / ISBN 13: 9780198286172
Usato / Quantità: 1
Da Nearfine Books (Brooklyn, NY, U.S.A.)
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Titolo: Imperfect Competition, Differential ...

Casa editrice: Oxford University Press

Data di pubblicazione: 1992

Condizione libro: very good


Gently used. Expect delivery in 2-3 weeks. Codice inventario libreria 9780198286172-3

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Riassunto: Using a macroeconomic model, Nishimura links a microeconomic model of imperfectly informed firms in monopolistic competition to a general theory of wage and price setting. His analysis is based on profit maximization and rational behavior, in line with the New Keynesian approach in its emphasis on the microeconomic foundations of macroeconomics. It shows that increased competition may increase nominal as well as real price rigidity and increased volatility of investment.

L'autore: Kiyohiko G. Nishimura is at University of Tokyo.

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