Nominal rigidities
Slow adjustment in prices or wages that lets shocks have real short-run effects.
Also seen as Sticky prices
Sticky pricesSticky wages
Glossary
Macro terms, data terms, and platform terms in one place
Search matches term names, aliases, categories, and definitions.
Platform-specific workflow terms are marked separately from standard macro vocabulary.
Prices and inflation
Slow adjustment in prices or wages that lets shocks have real short-run effects.
A framework linking inflation pressure to slack, labor-market tightness, or the output gap.
Labor market
An estimate of the unemployment rate consistent with stable inflation.