IDEAS home Printed from https://ideas.repec.org/a/bla/manch2/v56y1988i1p37-54.html
   My bibliography  Save this article

Some Macroeconomic Implications of Price Stickiness

Author

Listed:
  • Laidler, David

Abstract

A simple macro model incorporating a little price stickiness is compared to a basic new-classical model. It is argued that the former system, while still yielding standard policy ineffectiveness results, more easily explains persistence in fluctuations in real variables, notably real balances, without being more complicated. It is also shown that these results do not depend upon the model's analytic simplicity but also occur in a more complex formulation. A sticky-price model therefore should be taken seriously as embodying a viable alternative to new-classical macroeconomics. Copyright 1988 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Laidler, David, 1988. "Some Macroeconomic Implications of Price Stickiness," The Manchester School of Economic & Social Studies, University of Manchester, vol. 56(1), pages 37-54, March.
    • Handle: RePEc:bla:manch2:v:56:y:1988:i:1:p:37-54
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David Laidler, 2013. "The Fisher Relation in the Great Depression and the Great Recession," University of Western Ontario, Economic Policy Research Institute Working Papers 20132, University of Western Ontario, Economic Policy Research Institute.
    2. Michael Bordo & Anna J. Schwartz, 2010. "David Laidler on Monetarism," Palgrave Macmillan Books, in: Robert Leeson (ed.), David Laidler’s Contributions to Economics, chapter 3, pages 44-59, Palgrave Macmillan.
    3. Martin Schmidt, 2003. "Money and prices: evidence from the G7 countries," Applied Economics, Taylor & Francis Journals, vol. 35(17), pages 1799-1809.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:manch2:v:56:y:1988:i:1:p:37-54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/semanuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.