1. The complete version of the Thomas Sargent quote that began this chapter is “Persistent high inflation is always and everywhere a fiscal phenomenon.” Why did Sargent include the modifiers “persistent high”?2. In the lecture we talked about the importance of information asymmetries for the functioning of (credit) markets. In 2001, George Akerlof, Michael Spence and Joseph Stiglitz were awarded the Nobelprize in Economics for “for their analyses of markets with asymmetric information”.Go to http://www.nobelprize.org/nobelprizes/economics/laureates/2001/popular.html and read the report. Summarize the ideas of George Akerlof and explain why they are important for banking and credit markets.
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Contact Essay is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.
Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order form
Once we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignment
As soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download