NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Time-Varying Business Volatility, Price Setting, and the Real Effects of Monetary Policy

Ruediger Bachmann, Benjamin Born, Steffen Elstner, Christian Grimme

NBER Working Paper No. 19180
Issued in June 2013

---- Acknowledgements -----

We thank Christian Bayer, Guido Schultefrankenfeld, and seminar audiences in Dresden, Halle, Mannheim, Munich, Siegen, and Tübingen, as well as participants at the Royal Economic Society Annual Conference 2013 and the Padova Macroeconomic Meeting 2013. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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