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.
- ISBN10 0754617602
- ISBN13 9780754617600
- Publish Date 12 February 2002
- Publish Status Out of Print
- Out of Print 30 July 2009
- Publish Country GB
- Publisher Taylor & Francis Ltd
- Imprint Ashgate Publishing Limited
- Format Hardcover
- Pages 170
- Language English