A Sticky-Price Manifesto
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.
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Copy CitationLaurence Ball and N. Gregory Mankiw, "A Sticky-Price Manifesto," NBER Working Paper 4677 (1994), https://doi.org/10.3386/w4677.
Published Versions
Carnegie-Rochester Conference Series on Public Policy, vol. 41, (December 1994), pp. 127-151 citation courtesy of 
Laurence Ball & N. Gregory Mankiw, 1994. "A sticky-price manifesto," Proceedings, Federal Reserve Bank of Dallas, issue Apr. citation courtesy of
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