|Author||: Sven R Larson|
|Total Pages||: 176|
|ISBN 10||: 9781351754149|
|ISBN 13||: 1351754149|
|Language||: EN, FR, DE, ES & NL|
This title was first published in 2002: This monograph sets out to model a macroeconomy that is inherently unstable because of qualitative - or Keynesian - uncertainty. By modelling a macroeconomic theory, this approach to fixed or sticky prices also investigates the link between uncertainty, sticky prices, and macro-stability - by suggesting that such prices improve economic activity rather than impeding it.