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A Sticky-Price Manifesto

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NBER1994-03-01 更新2025-01-04 收录
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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

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1994-03-01
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