A comparison of menu costs in open and closed economies with a mixed industrial structure
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Recommendations
- Decoupling nominal and real rigidities. A reexamination of the canonical model of price setting under menu costs
- Nominal rigidity and monetary uncertainty in a small open economy
- Menu costs, multiproduct firms, and aggregate fluctuations
- Asymmetric price adjustment in a menu-cost model
- Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
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