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Economic theories / New Keynesian economics / Inflation / Gross domestic product / Aggregate supply / Real versus nominal value / Neutrality of money / Sticky / Supply and demand / Economics / Macroeconomics / National accounts


Sticky-Price Models and Durable Goods By ROBERT B. BARSKY, CHRISTOPHER L. HOUSE, Much of our understanding of sticky-price theories comes from models that abstract from capital, investment, and durable goods.1 However, r
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