Wang, Pengfei; Wen, Yi - Federal Reserve Bank of St. Louis - 2006
variations over time in desired markups, which play an important role as a source of cost-push shocks in the monetary policy … markups, which play
an important role as a source of cost-push shocks in the monetary policy literature. We show that … workhorse
of theoretical and applied macroeconomics in the study of business cycles and monetary policy.
Although the Dixit …