Large Shocks in Menu Cost Models

Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve

N. Gregory Mankiw, Ricardo Reis · The Quarterly Journal of Economics · 2002 · 2.3K citations · Full text

Social Sciences, Economics, Macroeconomics +16

Income and Wealth Heterogeneity in the Macroeconomy

Per Krusell, Anthony A. Smith · Journal of Political Economy · 1998 · 2.3K citations

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Five Facts about Prices: A Reevaluation of Menu Cost Models^*

Emi Nakamura, Jón Steinsson · The Quarterly Journal of Economics · 2008 · 1.5K citations

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Monopolistic Price Adjustment and Aggregate Output

Julio J. Rotemberg · The Review of Economic Studies · 1982 · 1.2K citations · Full text

Social Sciences, Business Economics, Economics +12

Optimal Sticky Prices under Rational Inattention

Bartosz Maćkowiak, Mirko Wiederholt · American Economic Review · 2009 · 982 citations · Full text

Social Sciences, Business Economics, Economics +17