Imperfect Competition Differential Information, and Microfoundations of Macroeconomics High quality books
Imperfect Competition Differential Information, and Microfoundations of Macroeconomics
By:Kiyohiko Nishimura
Published on 1992 by Oxford University Press
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.
This Book was ranked at 31 by Google Books for keyword Nominal rigidity.
Book ID of Imperfect Competition Differential Information, and Microfoundations of Macroeconomics's Books is 8mHsAAAAMAAJ, Book which was written byKiyohiko Nishimurahave ETAG "5Ke8ryNOBMk"
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