Bernanke, Ben S. (2007). "Inflation Expectations and Inflation Forecasting", speech delivered at the Monetary Economics Workshop of the National Bureau of Economic Research Summer Institute, Cambridge, Mass., July 10. Bils, Mark, and Peter J. Klenow (2004). "Some Evidence on the Importance of Sticky Prices", Journal of Political Economy, vol. 112 (October), pp. 947-85.
It may be argued that there is an adequate supply of funds from sources that are prepared to take the long view, foregoing near-term returns on their investments in exchange for a higher yield over the life of the investment. Insurance and pension funds, for example, may wish to allocate a portion of their portfolio in this way.