Frequency of Price Adjustment and Pass-through
---- Acknowledgements -----
We wish to thank the international price program of the Bureau of Labor Statistics for access to unpublished micro data. We owe a huge debt of gratitude to our project coordinator Rozi Ulics for her invaluable help on this project. The views expressed here do not necessarily reflect the views of the BLS nor those of the National Bureau of Economic Research. We also thank Loukas Karabarbounis for excellent research assistance. We thank participants at several venues for comments. This research is supported by NSF grant # SES 0617256.