Innovative research reveals why prices stay the same in a monetary economy.
The article "Money, Coordination and Prices" explores why prices in a monetary economy tend to stay the same even when there are changes in supply and demand. The researchers combined different economic theories to study this phenomenon. They looked at traditional ideas and newer ones to understand how money affects prices. The study found that various economic perspectives can help explain why prices don't always adjust quickly in response to changes in the economy.