For example, prices may remain sticky if businesses are concerned about losing customers in highly competitive markets. For example, prices may remain sticky if businesses are concerned about losing customers in highly competitive markets. This condition is most important for macroeconomic activity in the short run and short-run aggregate market analysis. The IS–LM model was first introduced at a conference of the Econometric Society held in Oxford during September 1936. Back to: ECONOMICS, FINANCE, & ACCOUNTING Sticky Wage Theory Definition This theory, often referred to as “nominal rigidity” or “wage stickiness”, says that employee wages do not fall as quickly as company performance or economic conditions. Most of the workers who experience the "sticky floor" are "pink collar workers," such as secretaries, nurses, or waitresses. Sticky Floor and Glass Ceiling: Barriers to Career Advancement. Business economics; Oligopoly; Oligopoly Defining and measuring oligopoly. 1. Term sticky wages Definition: The proposition that some wages adjust slowly in response to labor market shortages or surpluses. They stay high even though there’s less demand for output in the economy.

Sticky inflation is an undesirable economic situation where there is a combination of stubbornly high inflation, (and often stagnant growth). In particular, sticky (also termed rigid or inflexible) wages are a key reason underlying the positive slope of the short-run aggregate supply curve.
The measurement can easily move up with little resistance, but slowly moves down because of tangible factors, such as legal or economic conditions. With prices sticky because firms can’t quickly or easily cut wages, the negative demand shock results in a recession, with output falling and unemployment rising because so many workers get fired. Translate sticky into Spanish. Share This Article: Economic Definition of sticky wages.Defined. Roy Harrod, John R. Hicks, and James Meade all presented papers describing mathematical models attempting to summarize John Maynard Keynes' General Theory of Employment, Interest, and Money. Synonyms for sticky at Thesaurus.com with free online thesaurus, antonyms, and definitions. Similar complications arise if we assume that wages are sticky, and not just the prices of produced goods. Sticky ... sticky; Sticky (economics) sticky analysis; sticky aster; Sticky bit; Sticky Bit (Linux) sticky blood; sticky bun; Sticky buns; Sticky caps; sticky cement; sticky charge; sticky chicken; sticky phrase. sticky downward: Resistance to downward movement of a measurement, such as prices, wages or other financial values. Offline Version: PDF. price stickiness: Tendency of prices to remain constant despite changes in the cost of producing and selling a product. History. Term sticky wages Definition: The proposition that some wages adjust slowly in response to labor market shortages or surpluses.This condition is most important for macroeconomic activity in the short run and short-run aggregate market analysis. Although only a few firms dominate, it is possible that many small firms may also operate in the market. An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated.

4.2.2 Sticky wages as well as prices. Sticky Information in General Equilibrium ... Economic Association, April-May 2007. Michael Woodford, in Handbook of Monetary Economics, 2010. price stickiness: Tendency of prices to remain constant despite changes in the cost of producing and selling a product.
When demand drops off, prices are typically sticky. All of the programs used are available at our websites. We are grateful to Tiago Berriel for excellent research assistance, and to Ruchir Agarwal and Mark Watson for useful comments. Definition of sticky in the Idioms Dictionary. adjective stickier, stickiest. Meaning of sticky in English: sticky. Sticky prices is a tendency for prices say at a well established price range despite changes in supply or demand. In other words, some prices tend to resist change despite economic forces that would typically push the price up or down.

An example would be employment contracts. The term "sticky floor" is used to describe a discriminatory employment pattern that keeps a certain group of people at the bottom of the job scale. It includes a lengthy appendix laying out the model, solving it, proving the propositions, and explaining the algorithms. Find descriptive alternatives for sticky. 1 Tending or designed to stick to things on contact. Definitions by the largest Idiom Dictionary. What does sticky expression mean?


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