Carlsson, Mikael; Skans, Oskar Nordstrom - In: American Economic Review 102 (2012) 4, pp. 1571-95
Using matched data on product-level prices and the producing firm's unit labor cost, we find a moderate pass-through of current idiosyncratic marginal-cost changes. Also, the response does not vary across firms facing very different idiosyncratic shock variances, but identical aggregate...