Learning by Asking Those Who Are Doing
This paper argues that interviews and surveys are an underutilized research tool in economics. In particular, it defends the propositions that the interview method might work better than more conventional theory and econometrics as a way to learn about the reasons for wage and price stickiness. The research design for a large-scale interview study of pricing behavior is described in detail. This study will "test" the empirical relevance of twelve different theories.
Volume (Year): 16 (1990)
Issue (Month): 4 (Oct-Dec)
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- Russell Cooper & Andrew John, 1988. "Coordinating Coordination Failures in Keynesian Models," The Quarterly Journal of Economics, Oxford University Press, vol. 103(3), pages 441-463.
- Alan S. Blinder & Don H. Choi, 1990.
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- Alan S. Blinder & Don H. Choi, 1989. "A Shred of Evidence on Theories of Wage Stickiness," NBER Working Papers 3105, National Bureau of Economic Research, Inc.
- Barro, Robert J., 1977. "Long-term contracting, sticky prices, and monetary policy," Journal of Monetary Economics, Elsevier, vol. 3(3), pages 305-316, July.
- Martin Neil Baily, 1974. "Wages and Employment under Uncertain Demand," Review of Economic Studies, Oxford University Press, vol. 41(1), pages 37-50.
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0621, National Bureau of Economic Research, Inc.
- Blinder, Alan S, 1982.
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American Economic Review,
American Economic Association, vol. 72(3), pages 334-48, June.
- Alan S. Blinder, 1981. "Inventories and Sticky Prices: More on the Microfoundations of Macroeconomics," NBER Working Papers 0620, National Bureau of Economic Research, Inc.
- Stiglitz, Joseph E, 1987. "The Causes and Consequences of the Dependence of Quality on Price," Journal of Economic Literature, American Economic Association, vol. 25(1), pages 1-48, March.
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