株式会社極東書店トップ ＞ 商品一覧 ＞ Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality.
商品詳細
Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality. 貨幣の非中立性の原因としての 貨幣幻想と戦略的補完性
・ISBN 978-3-540-65871-9 soft EUR 49.99
￥13,361.- (税込) ※（※）価格はご注文時の参考価格となります。
納品価格につきましては書籍の入荷時点で確定となります。
版元の原価改定、外国為替の変動等により異なる場合がございますので、予めご了承下さい。
お気に入り
★★★
| 著者・編者 | Tyran, J.-R., |
|---|---|
| シリーズ | Lecture Notes in Economics and Mathematical Systems |
| 出版社 | (Springer, GW) |
| 出版年月 | 1999 |
| ページ数 | x, 228 pp. |
| 言語 | ENG |
| ニュース番号 | ＜457-141 457-269＞ |
解説
In principle, money illusion could explain the inertial adjustment of prices after changes of monetary policy. Hence, money illusion could provide an explanation of monetary non-neutrality. However, this explanation has been thoroughly discredited in modern economics. As a consequence, economists have ever since the 1970s searched for alternative explanations for nominal rigidity. These explanations are all based on the assumption of fully rational economic agents, holding rational expectations. This book argues that money illusion has been prematurely dismissed as an explanation of monetary non-neutrality. Methods of experimental economics are used to investigate the real aggregate effects of money illusion. It is shown that money illusion in fact causes (short-run) real income effects if strategic complementarity prevails. Strategic complementarity is an important characteristic of naturally occurring macroeconomies and is a recurrent theme in most models explaining nominal rigidity.