Boivin, Jean; Giannoni, Marc P.; Mihov, Ilian - Center for Financial Studies - 2007
conditions. This allows us to provide consistent estimates of the effects of US monetary policy on disaggregated prices. While … significant delay in the response of prices to monetary policy shocks. In addition, price responses display little evidence of a …
No. 2007/14
Sticky Prices and Monetary Policy:
Evidence from Disaggregated U.S. Data
Jean Boivin …