What ice cream has to do with this year's Nobel Prize in economics

Prices can get sticky. That helps explain why recessions hurt so much — and what policymakers can do about them.

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Prices can get sticky. The prize committee honored them "for microeconomic foundations of macroeconomic stabilization." Boppart used the ice cream menu to serve up a sweet lesson in economics. Firms instead set the price of this ice cream for a whole season." Ice cream was a poetic example. Because prices, like ice cream, can get sticky. In fact, economists use the term "sticky prices" to describe how prices can stubbornly stay put even as economic conditions change. Sticky prices are a cornerstone of what's known as "New Keynesian economics", a framework that has helped reshape macroeconomic theory. And how policymakers think about fighting recessions and controlling inflation. This year's prize honored work that helped lay the foundations for New Keynesian economics.

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can get stickyCollocation

จะติดกันได้.

From the storyPrices can get sticky.

used the ice cream menuCollocation

ใช้เมนูไอศกรีม.

From the storyThe prize committee honored them "for microeconomic foundations of macroeconomic stabilization." Boppart used the ice cream menu to serve up a sweet lesson in economics.

was a poetic exampleCollocation

เป็นตัวอย่างกวี.

From the storyFirms instead set the price of this ice cream for a whole season." Ice cream was a poetic example.

can stubbornly stay put evenCollocation

สามารถตั้งใจอยู่ตรงกัน.

From the storyIn fact, economists use the term "sticky prices" to describe how prices can stubbornly stay put even as economic conditions change.

are a cornerstone of what'sCollocation

เป็นหินมุมของสิ่งที่.

From the storySticky prices are a cornerstone of what's known as "New Keynesian economics", a framework that has helped reshape macroeconomic theory.

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