The Irony of Sticky Prices
Explore the irony of sticky prices in the 21st century economy, where most prices can be easily changed with a barcode. Ricardo explains the costs and challenges of acquiring, absorbing, and processing information when setting prices, highlighting the importance of understanding the role of information in price adjustments.In this clip
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EconTalk
Ricardo Reis on Keynes, Macroeconomics, and Monetary Policy
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