{"product_id":"impact-of-price-uncertainty","title":"Impact of Price Uncertainty","description":"\u003cp\u003eOriginally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":54261821178200,"sku":"9781138633629","price":137.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781138633629_8f5da09d-175b-4338-a0b5-6bf6511b9305.jpg?v=1769802315","url":"https:\/\/agendabookshop.com\/products\/impact-of-price-uncertainty","provider":"Agenda Bookshop","version":"1.0","type":"link"}