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Price Rigidity - Andersen, Torben M. (Professor of Economics, Professor of Economics, Aarhus University, Denmark)

The price adjustment process is crucial to almost any macroeconomic issue. Professor Andersen has provided a comprehensive and unified analysis of why prices may fail to adjust instantly, integrating existing results from the literature with his new work on asymmetric information and imperfect competition. This is a valuable and lucid treatment of the issue.

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