Gödl-Hanisch, Isabel; Menkhoff, Manuel - 2023
employ a hypothetical vignette to study the causal effect of nominal and real rigidities as well as the nature of the shock …, especially for idiosyncratic shocks, undershooting the pass-through of aggregate shocks by 40%, in line with the presence of real … rigidities. The survey design further allows us to infer the implied slope of the Phillips curve, which flattens after accounting …
