Sticky Prices

How sticky are they? Via Mahalanobis:

Bils and Klenow got special permission to review the micro-data on prices and concluded that these prices actually change quite frequently, on average about every four months. That doesn't seem so sticky, Kehoe argues.

Here is the rest of the article from the Richmond Fed.

Keywords: ECO120, ECO301, ECO305, Sticky Prices