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Cited by 462

The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.

Real Rigidities and the Non-Neutrality of Money

Open access
Ball, Laurence, Romer, David·1987·National Bureau of Economic Research
DOI 10.3386/w2476
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Abstract

Rigidities in real prices are not sufficient to create rigidities in nominal prices and real effects of nominal shocks.And, by themselves, snail frictions in nominal adjustment, such as costs of changing, prices, create only small non-neutralities.But this paper shows that substantial nominal rigidity can arise from a combination of real rigidities and small nominal frictions.The paper shows the connection between real and nominal rigidity given the presence of nominal frictions both in general and for several specific sources of real rigidity: costs of adjusting real prices, asymmetric demand arising front imperfect information, and efficiency wages.

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Metadata

Authors
Ball, L., & Romer, D.
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
1987-12
DOI
10.3386/w2476
OpenAlex
W2896561002
Cited by
462
References
9
Type
report
Language
en
Open access
green

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CoChat. (2026). Citation check: Real Rigidities and the Non-Neutrality of Money. https://app.cochat.ai/papers/10.3386/w2476
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Ball, L., & Romer, D. (1987). Real Rigidities and the Non-Neutrality of Money. National Bureau of Economic Research. https://doi.org/10.3386/w2476

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