We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

heterogeneity in price stickiness, sector size, and input-output linkages. We calibrate a 341 sector version of the model to the … United States. Both theoretically and empirically, sectoral heterogeneity in price rigidity (i) generates sizable GDP …

We document a novel role of heterogeneity in price rigidity: It strongly amplifies the capacity of idiosyncratic shocks … to drive aggregate fluctuations. Heterogeneity in price rigidity also completely changes the identity of sectors from … as large as those arising from an aggregate productivity shock. Heterogeneous price rigidity amplifies the aggregate …

implications for price discrimination, labor markets, and dynamic pricing. …

Generalized Taylor Economy generates a hump shaped response function, whilst the Generalized Calvo does not. -- price …

fully flexible and money is essential for trade. Our main result is that if the central bank pursues a long-run price path … long-run price path makes any stabilization attempt ineffective. …