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Monetary equilibrium and price stickiness: Causes, consequences and remedies

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Listed author(s):
  • Philipp Bagus

    ()

  • David Howden

    ()

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File URL: http://hdl.handle.net/10.1007/s11138-011-0151-7
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Article provided by Springer & Society for the Development of Austrian Economics 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
DOI: 10.1007/s11138-011-0151-7
Contact details of provider: Web page: http://www.springer.com

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Order Information: Web: http://www.springer.com/economics/public+finance/journal/11138/PS2

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

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  1. 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.
  2. Howden, David, 2010. "Knowledge Shifts and the Business Cycle: When Boom Turns to Bust," MPRA Paper 79591, University Library of Munich, Germany.
  3. 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.
  4. Selgin, George, 1994. "Free Banking and Monetary Control," Economic Journal, Royal Economic Society, vol. 104(427), pages 1449-1459, November.
  5. 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.
  6. Ball, Laurence & Mankiw, N. Gregory, 1994. "A sticky-price manifesto," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 41(1), pages 127-151, December.
  7. David Howden, 2010. "Knowledge shifts and the business cycle: When boom turns to bust," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(2), pages 165-182, June.
  8. 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.
  9. 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.
  10. Solow, Robert M., 1979. "Another possible source of wage stickiness," Journal of Macroeconomics, Elsevier, vol. 1(1), pages 79-82.
  11. Philipp Bagus, 2008. "Monetary policy as bad medicine: The volatile relationship between business cycles and asset prices," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(4), pages 283-300, December.
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Cited by:

  1. Campos Dias de Sousa, Ricardo Emanuel & Howden, David, 2015. "The Efficient Market Conjecture," MPRA Paper 79792, University Library of Munich, Germany.
  2. Howden, David, 2013. "The Quantity Theory of Money," MPRA Paper 79601, University Library of Munich, Germany.
  3. Bagus, Philipp & Howden, David, 2012. "Monetary Equilibrium and Price Stickiness: A Rejoinder," MPRA Paper 79597, University Library of Munich, Germany.
  4. Howden, David, 2013. "Separating the Wheat from the Chaff: Icelandic and Irish Policy Responses to the Banking Crisis," MPRA Paper 79600, University Library of Munich, Germany.
  5. William Luther & Alexander Salter, 2012. "Monetary equilibrium and price stickiness reconsidered: A reply to Bagus and Howden," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(3), pages 263-269, September.
  6. Philipp Bagus & David Howden, 2012. "Still unanswered quibbles with fractional reserve free banking," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(2), pages 159-171, June.
  7. Philipp Bagus & David Howden, 2012. "Monetary equilibrium and price stickiness: A rejoinder," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(3), pages 271-277, September.

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