Adam, Klaus (contributor); Billi, Roberto M. (contributor) - 2004
competition and sticky prices, as described in Clarida, Galí and Gertler
(1999) and Woodford (2003). While this model has been … competition
between firms.
5
More precisely, the empirical magnitude of mark-up shocks
observable in the U.S. economy for the … simple and well-known monetary policy model of a represen-
tative consumer and firms in monopolistic competition facing …