Generally speaking, short-term theory emphasizes the price having stickiness, the value cannot change along with economic supply and make response quickly namely.

一般来说，短期理论强调价格有黏性，即价格不能随经济的供给变化而快速做出反应。

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If the stickiness of price is week, the impact of counter-cycle money demands will be able to stabilize economic growth;

如果价格粘性较弱，反周期的货币需求冲击能够起到稳定经济增长的作用；

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And the evidence on price stickiness may make central bankers on both sides of the Atlantic more confident of keeping inflation low in theory, a hard task if prices rarely fall.

ECONOMIST: Economics focus