@techreport{NBERw4677, title = "A Sticky-Price Manifesto", author = "Laurence Ball and N. Gregory Mankiw", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "4677", year = "1995", month = "July", URL = "http://www.nber.org/papers/w4677", 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.}, }