Paul Krugman and Roger Farmer on Sticky Wages
I was pleasantly surprised last Friday to see that Paul Krugman took favorable notice of my post about sticky wages, but also registering some disagreement. [Glasner] is partially right in suggesting...
View ArticleWhat Does “Keynesian” Mean?
Last week Simon Wren-Lewis wrote a really interesting post on his blog trying to find the right labels with which to identify macroeconomists. Simon, rather disarmingly, starts by admitting the...
View ArticlePrice Stickiness Is a Symptom not a Cause
In my recent post about Nick Rowe and the law of reflux, I mentioned in passing that I might write a post soon about price stickiness. The reason that I thought it would be worthwhile writing again...
View ArticleMore on Sticky Wages
It’s been over four and a half years since I wrote my second most popular post on this blog (“Why are Wages Sticky?”). Although the post was linked to and discussed by Paul Krugman (which is almost...
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