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Uncertainty, Macroeconomic Stability and the Welfare State
DOI link for Uncertainty, Macroeconomic Stability and the Welfare State
Uncertainty, Macroeconomic Stability and the Welfare State book
Uncertainty, Macroeconomic Stability and the Welfare State
DOI link for Uncertainty, Macroeconomic Stability and the Welfare State
Uncertainty, Macroeconomic Stability and the Welfare State book
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ABSTRACT
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.