Reset Price Inflation and the Impact of Monetary Policy Shocks
---- Acknowledgments ----
This research was conducted with restricted access to U.S. Bureau of Labor Statistics (BLS) data. Rob McClelland provided us invaluable assistance and guidance in using BLS data. We thank Jose Mustre Del Rio for excellent research assistance. The views expressed here are those of the authors and do not necessarily reflect the views of the BLS or the Federal Reserve System. We are grateful to Carlos Carvalho, Jon Steinsson, and numerous seminar participants for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.