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Monetary equilibrium and price stickiness: Causes, consequences and remedies

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  • Philipp Bagus

    ()

  • David Howden

    ()

Abstract

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File URL: http://hdl.handle.net/10.1007/s11138-011-0151-7
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Article provided by Springer in its journal The Review of Austrian Economics.

Volume (Year): 24 (2011)
Issue (Month): 4 (December)
Pages: 383-402

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Handle: RePEc:kap:revaec:v:24:y:2011:i:4:p:383-402
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100335

Keywords: Rigidities; Sticky prices; Monetary equilibrium theory; Free banking; 100% Reserve banking; E52; E58;

Find related papers by JEL classification:

  • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
  • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

References listed on IDEAS
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  1. Laurence Ball & N. Gregory Mankiw, 1994. "A Sticky-Price Manifesto," NBER Working Papers 4677, National Bureau of Economic Research, Inc.
  2. David Howden, 2010. "Knowledge shifts and the business cycle: When boom turns to bust," The Review of Austrian Economics, Springer, vol. 23(2), pages 165-182, June.
  3. Rotemberg, Julio J, 1982. "Sticky Prices in the United States," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1187-1211, December.
  4. Lawrence H. White, 2008. "Did Hayek and Robbins Deepen the Great Depression?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(4), pages 751-768, 06.
  5. N. Gregory Mankiw, 1985. "Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly," The Quarterly Journal of Economics, Oxford University Press, vol. 100(2), pages 529-538.
  6. Horwitz, Steven, 1996. "Capital Theory, Inflation and Deflation: The Austrians and Monetary Disequilibrium Theory Compared," Journal of the History of Economic Thought, Cambridge University Press, vol. 18(02), pages 287-308, September.
  7. Philipp Bagus, 2008. "Monetary policy as bad medicine: The volatile relationship between business cycles and asset prices," The Review of Austrian Economics, Springer, vol. 21(4), pages 283-300, December.
  8. Selgin, George, 1994. "Free Banking and Monetary Control," Economic Journal, Royal Economic Society, vol. 104(427), pages 1449-59, November.
  9. Solow, Robert M., 1979. "Another possible source of wage stickiness," Journal of Macroeconomics, Elsevier, vol. 1(1), pages 79-82.
  10. Robert J. Barro, 1982. "United States Inflation and the Choice of Monetary Standard," NBER Chapters, in: Inflation: Causes and Effects, pages 99-110 National Bureau of Economic Research, Inc.
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Cited by:

  1. William Luther & Alexander Salter, 2012. "Monetary equilibrium and price stickiness reconsidered: A reply to Bagus and Howden," The Review of Austrian Economics, Springer, vol. 25(3), pages 263-269, September.
  2. Philipp Bagus & David Howden, 2012. "Still unanswered quibbles with fractional reserve free banking," The Review of Austrian Economics, Springer, vol. 25(2), pages 159-171, June.
  3. Philipp Bagus & David Howden, 2012. "Monetary equilibrium and price stickiness: A rejoinder," The Review of Austrian Economics, Springer, vol. 25(3), pages 271-277, September.

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