Inventories, Markups, and Real Rigidities in Menu Cost Models

Oleksiy Kryvtsov, Virgiliu Midrigan

NBER Working Paper No. 14651
Issued in January 2009

---- Acknowledgements -----

We thank George Alessandria, Mike Dotsey, Mark Getler, Boyan Jovanovic, James Kahn and Huntley Schaller for useful discussions, as well as seminar participants at the NBER-SITE\ Price Dynamics Conference at Stanford, Duke Macroeconomics Jamboree, Universite du Quebec a Montreal, Universite de Montreal, Universite Laval, University of Western Ontario, Chicago GSB, Federal Reserve Board, the Federal Reserve Banks of Atlanta, Philadelphia, Richmond and St. Louis, as well as at the Bank of Canada. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the Bank of Canada or the National Bureau of Economic Research.

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