A Sticky-Price Manifesto

38 Pages Posted: 29 Dec 2000

See all articles by Laurence Ball

Laurence Ball

Johns Hopkins University - Department of Economics; National Bureau of Economic Research (NBER); International Monetary Fund (IMF)

N. Gregory Mankiw

Harvard University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: March 1994

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.

Suggested Citation

Ball, Laurence M. and Mankiw, N. Gregory, A Sticky-Price Manifesto (March 1994). NBER Working Paper No. w4677. Available at SSRN: https://ssrn.com/abstract=254551

Laurence M. Ball (Contact Author)

Johns Hopkins University - Department of Economics ( email )

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N. Gregory Mankiw

Harvard University - Department of Economics ( email )

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