to money, whereas the response of fixed investment is characterized by asymmetries very similar to those that affect …

of firms and percolate to other firms through buyer-seller linkages. Price dispersion increases because the percolation … of a monetary shock through the production network causes prices to differentially deviate from their steady state values … vice-versa), thereby generating complicated chains of bi-directional price changes. Monetary shocks can significantly …

supply are found to have stronger output effects and weaker price effects when output growth is initially low. Positive and …