The Distribution of the Size of Price Changes
---- Acknowledgements -----
We are grateful to Alberto Alesina, Emmanuel Farhi, Oleksiy Kryvtsov, Greg Mankiw, Dan Sichel, and seminar participants at Harvard, MIT, NBER, AEA, BLS, ITAM, Oxford, Queen’s University at Belfast, and the Central Bank of Norway for helpful comments and suggestions. All remaining errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.