Adam, Klaus (contributor); Billi, Roberto M. (contributor) - 2004
consider a well-known monetary policy model with monopolistic
competition and sticky prices, as described in Clarida, Galí and … represen-
tative consumer and firms in monopolistic competition facing restrictions
on the frequency of price adjustments … bound appears inessential in dealing with mark-up
shocks, i.e., variations over time in the degree of monopolistic …