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This paper studies the effects of monetary policy during times when sectoral supply shocks raise the cost of living, in particular for low-income households. ...

Half of the jobs in the U.S. feature pay-for-performance. We derive novel incidence and optimum formulas for the overall rate of tax progressivity and the top ...

We collect data on the technologies used across business functions of establishments in Vietnam, Senegal, and Cear ́a (Brazil), and construct technology ...

We introduce price posting and information frictions into a canonical monetary macro model. Despite costless price adjustment, insufficient search incentives ...