{"id":6497,"date":"2014-02-08T11:47:46","date_gmt":"2014-02-08T09:47:46","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=6497"},"modified":"2014-02-08T11:47:46","modified_gmt":"2014-02-08T09:47:46","slug":"sticky-situations","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/sticky-situations\/","title":{"rendered":"Sticky Situations"},"content":{"rendered":"<p>Krugman, Paul.<\/p>\n<p>David Glasner has a\u00a0thoughtful post\u00a0about wage stickiness, afavorite topic\u00a0of mine. And he is partially right in suggesting that there has been a bit of a role reversal regarding the role of sticky wages in recessions: Keynes asserted that wage flexibility would not help, but Keynes\u2019s self-proclaimed heirs ended up putting downward nominal wage rigidity at the core of their analysis. By the way, this didn\u2019t start with the New Keynesians; way back in the 1940s Franco Modigliani had already taught us to think that everything depended on M\/w, the ratio of the\u00a0money\u00a0\u00a0supply to the wage rate.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae:<\/strong> The New York Times<\/p>\n<p><a href=\"http:\/\/krugman.blogs.nytimes.com\/2014\/02\/07\/sticky-situations\/?_php=true&amp;_type=blogs&amp;_php=true&amp;_type=blogs&amp;_r=1\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Krugman, Paul. David Glasner has a\u00a0thoughtful post\u00a0about wage stickiness, afavorite topic\u00a0of mine. And he is partially right in suggesting that there has been a bit of a role reversal regarding the role of sticky wages in recessions: Keynes asserted that wage flexibility would not help, but Keynes\u2019s self-proclaimed heirs ended up putting downward nominal wage [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,39,4],"tags":[28],"class_list":["post-6497","post","type-post","status-publish","format-standard","hentry","category-18","category-39","category-proposals","tag-28"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=6497"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6497\/revisions"}],"predecessor-version":[{"id":6499,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/6497\/revisions\/6499"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=6497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=6497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=6497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}