1st Edition

Uncertainty, Macroeconomic Stability and the Welfare State



  • Available for pre-order. Item will ship after December 31, 2020
ISBN 9781138724891
December 31, 2020 Forthcoming by Routledge
150 Pages

USD $40.00

Prices & shipping based on shipping country


Preview

Book Description

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.