Uncertainty, Macroeconomic Stability and the Welfare State
| By: | Sven Larson |
| Publisher: | Taylor & Francis |
| Print ISBN: | 9781138724945 |
| eText ISBN: | 9781351754132 |
| Edition: | 1 |
| Copyright: | 2002 |
| Format: | Reflowable |
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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.