A Sticky-Price Manifesto /
Ball, Laurence.
A Sticky-Price Manifesto / Laurence Ball, N. Gregory Mankiw. - Cambridge, Mass. National Bureau of Economic Research 1994. - 1 online resource: illustrations (black and white); - NBER working paper series no. w4677 . - Working Paper Series (National Bureau of Economic Research) no. w4677. .
March 1994.
Macroeconomists are divided on the best way to explain short-run economic fluctuations. This paper presents the case for traditional theories based on short-run price stickiness. It discusses the fundamental basis for believing in this class of macreconomic models. It also discusses recent research on the microeconomic foundations of sticky prices.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
A Sticky-Price Manifesto / Laurence Ball, N. Gregory Mankiw. - Cambridge, Mass. National Bureau of Economic Research 1994. - 1 online resource: illustrations (black and white); - NBER working paper series no. w4677 . - Working Paper Series (National Bureau of Economic Research) no. w4677. .
March 1994.
Macroeconomists are divided on the best way to explain short-run economic fluctuations. This paper presents the case for traditional theories based on short-run price stickiness. It discusses the fundamental basis for believing in this class of macreconomic models. It also discusses recent research on the microeconomic foundations of sticky prices.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.