NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Price Setting with menu cost for Multi-product firms

Fernando E. Alvarez, Francesco Lippi

NBER Working Paper No. 17923
Issued in March 2012

---- Acknowledgements -----

We thank Andy Abel, Ricardo Caballero, Carlos Carvalho, John Leahy, Bob Lucas, Virgiliu Midrigan, Luigi Paciello, Ricardo Reis, Rafael Schoenle, Kevin Sheedy, Rob Shimer, Paolo Surico, Nancy Stokey, Harald Uhlig, Ivan Werning, as well as seminar participants at EIEF, the University of Chicago, the ASSA 2012, the Federal Reserve Banks of Chicago, Minneapolis, New York and Philadelphia, the Bank of Italy, the European Central Bank, the London Business School, the Bank of Norway, and the 2012 NBER Monetary Economics Meeting in NY for their comments. Alvarez thanks the ECB for the Wim Duisenberg fellowship. We are grateful to Katka Borovickova for her excellent assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Fernando E. Alvarez -----

I have visited, taught, or consulted for the following institutions, where I have received an honorarioum: EIEF, Rome, Italy. As research visitor, Federal Reserve Bank of Chicago, US. As consultant to the Research Department. European Central Bank, Frankfurt, Germany. As Duisenberg Fellow as regular research visitor to the MPR division.

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