Boivin, Jean; Giannoni, Marc P.; Mihov, Ilian - Center for Financial Studies - 2007
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JEL Classification: E32, E52
Keywords: Sticky Prices, Monetary Policy, Disaggregated Prices, Imperfect Competition …. In general, models that allow for imperfect competition and variable speed of price
adjustment predict that firms in very … policy shocks are
strongly correlated with the degree of imperfect competition. In more competitive industries
(i.e., those …