Sticky Prices and Monetary Policy: Evidence from Disaggregated U.S. Data
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We thank Piotr Eliasz, Giorgio Primiceri, Robert Rich, and Mark Watson for valuable discussions, Jordi Gali, participants to the NBER Monetary Economics Summer Institute, the NY Area Monetary Policy Workshop, and the International Research Forum on Monetary Policy at the Federal Reserve Board for comments. We also thank Rashid Ansari, Guilherme Martins, Mehmet Pasaogullari and Mauro Roca for excellent research assistance. Boivin and Giannoni are grateful to the National Science Foundation for financial support (SES-0518770). The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.