TY  - JOUR
AU  - Ball,Laurence
AU  - Mankiw,N. Gregory
TI  - A Sticky-Price Manifesto
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4677
PY  - 1995
Y2  - July 1995
UR  - http://www.nber.org/papers/w4677
L1  - http://www.nber.org/papers/w4677.pdf
N1  - Author contact info:
Laurence M. Ball
Department of Economics
Johns Hopkins University
Baltimore, MD 21218
Tel: 410/516-7605
Fax: 410/516-7600
E-Mail: lball@jhu.edu

N. Gregory Mankiw
Department of Economics
Littauer 223
Harvard University
Cambridge, MA  02138
Tel: 617/495-4301
Fax: 617/495-7730
E-Mail: ngmankiw@fas.harvard.edu
AB  - 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.
ER  -