ASYMMETRY OF INFORMATION: SHIFTED MARKETS AND TYPES OF MACROECONOMIC DYNAMICS
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ASYMMETRY OF INFORMATION: SHIFTED MARKETS AND TYPES OF MACROECONOMIC DYNAMICS
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PII
S042473880000616-6-1
Publication type
Article
Status
Published
Edition
Pages
114-128
Abstract
The authors introduce and develop a concept of informational consistency of markets and propose a theory of effective information asymmetry. These effects, the degree of market information consistency may destroy, make ineffective as well as enhance positive types of macrodynamics The alternative types of macrodynamics are described. Authors develop interactional methodology according to which macroeconomic system is connected to the macroeconomic level, but shall not be reduced to it. Main conclusion: level of information consistency of markets and the market dy namics depend on institutional structure of markets.
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Date of publication
01.07.2009
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