Simon Wren-Lewis: Sticky prices: How We Confuse Students, and Sometimes Ourselves: “In week one I talked about time periods in macro, and how the ‘short run’ was the length of time ‘it takes prices to fully adjust’…. [This] is at best highly misleading… the short run is the length of time it takes… monetary policy … Continue reading Morning Must-Read: Simon Wren-Lewis: Sticky Prices and Teaching Macroeconomics: How We Confuse Students, and Sometimes Ourselves