A Sticky-Price Manifesto

Laurence Ball and N. Gregory Mankiw

No 4677, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

Date: 1994-03
Note: EFG ME
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Citations: View citations in EconPapers (148)

Published as Carnegie-Rochester Conference Series on Public Policy, vol. 41, (December 1994), pp. 127-151
Published as Laurence Ball & N. Gregory Mankiw, 1994. "A sticky-price manifesto," Proceedings, Federal Reserve Bank of Dallas, issue Apr.

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Journal Article: A sticky-price manifesto (1994)
Journal Article: A sticky-price manifesto (1994)
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