A Sticky-Price Manifesto
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 on the microeconomic foundations of sticky prices.
Published Versions
Carnegie-Rochester Conference Series on Public Policy, vol. 41, (December 1994), pp. 127-151 citation courtesy of 
Laurence Ball & N. Gregory Mankiw, 1994. "A sticky-price manifesto," Proceedings, Federal Reserve Bank of Dallas, issue Apr. citation courtesy of
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