The Informativeness of Prices: Search With Learning and Cost Uncertainty
收藏NBER1991-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3833
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资源简介：
Aggregate cost uncertainty, arising from real shocks or unanticipated inflation, reduces the informativeness of prices by scrambling relative and aggregate variations. But when agents can acquire additional information, such increased noise may in fact lead them to become better informed, and price
提供机构：
美国国家经济研究局
创建时间：
1991-09-01
