This chapter reviews the role of temporary price and wage rigidities in explaining of the
dynamic relationship between money, real output, and inflation. The key properties to be …

Golosov and Lucas recently argued that a menu‐cost model, when made consistent with
salient features of the microdata, predicts approximate monetary neutrality. I argue here that …

Recent theoretical work has suggested a number of potentially important factors in causing
incomplete pass-through of exchange rates to prices, including markup adjustment, local …

We study the price adjustment practices and provide quantitative measurement of the
managerial and customer costs of price adjustment using data from a large US industrial …

Though considerable attention in the extant literature has been devoted to growth and
performance of firms, there is a dearth of research on high growth firms. Furthermore, the …

The Review of Marketing Research annual series provides current, state-of-the-art articles
by the marketing field's leading researchers and academicians. In contrast to other research …

We study the daily behavior of supermarket prices and product availability following two
recent natural disasters: the 2010 earthquake in C hile and the 2011 earthquake in J apan …

We use a unique store-level data set to directly measure menu costs and to study the price
change process at a large US drugstore chain. We compare and contrast the magnitude of …

We examine retail price variation across a range of goods and regions of the United States.
We find that the typical grocery product has a regular price and stays at that price at least …

Structural VAR modeling has played an important role in empirical macroeconomics. The
importance sampler used in the existing literature, however, can be prohibitively inefficient …