A temporary price freeze may be just the first element.
When you do that and add temporary price stickiness, you get IS-LM.
The government had to intervene with "emergency payments" and "temporary" price supports.
True, a temporary price cap might discourage investment, by setting a precedent.
"Exactly this dialogue is why you'll never get temporary price caps," Mr. Hébert said.
Some temporary price corrections are always a possibility, but even that's not a likelihood".
If the rest of the world follows where Europe leads, that temporary price will be worth paying.
But the surest way to force a change would be for Mr. Bush himself to demand temporary price caps.
Even a small disruption, like a fire or maintenance mishap, could quickly result in a temporary price spike.
When you do that, and again add some realistic temporary price stickiness, you get New Keynesian macro, which is in a way more intellectually satisfying that old Keynesianism.
"How were we going to pay our rent?" For his part, Eli Halali made it clear that 75 cents was a temporary price point.
