A large literature in macroeconomics detains that.

A large literature in macroeconomics detains that, because of sticky prices, changes in monetary policy temporarily affect the real quantifies of advantageouss and services produced. The magnitude and persistence of the efficiencys should vary across goods in relation to their size of price stickiness. We standard this hypothesis using evidence forward the importance of price rigidities across categories of consumption in the United States.

We find that they do not. The short-run replys of relative prices are opposite the predicted replys Furthermore, the monetary policy strokes show ...

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