Nick Rowe
Crítica a los modelos macroeconomicos RBC y neokeynesianos. Paul Krugaman comenta y critica a Edward Prescott. Dos críticas a Prescott. 1 y 2
'The sticky price hypothesis: A critique'
Más de Stephen Williamson
Nick Rowe discute las explicaciones de la inflexibilidad de precios
Otro comentario
'Sticky prices and keynesian economics' Post de Stephen Williamson
More on sticky prices
"But is micro-level evidence sufficient to support this transmission mechanism of monetary policy? No. If the NK transmission mechanism is correct, then we have to be able to explain the stickiness of the price level not simply the stickiness of individual prices. This position should not be controversial, but yet I think that it is under-appreciated and perhaps not well understood."
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