Söderberg, Johan - Nationalekonomiska Institutionen, Uppsala Universitet - 2010
staggering are common, This paper analyzes how synchronization of price changes affects the response to monetary policy shocks. I … find that even large deviations from uniform staggering have small effects on the response in output. Aggregate dynamics in … a model of uniform staggering may serve well as an approximation to a more complicated model with some degree of …