17 See, for example, Bouakez, H., Cardia, E. and Ruge-Murcia, F. (2009), “The Transmission of Monetary Policy in a  Multi-Sector Economy”, International Economic Review, Vol. 50, No 4, pp. 1243–1266; Bouakez, H., Cardia, E. and Ruge-Murcia, F. (2014), “Sectoral Price Rigidity and Aggregate Dynamics”, European Economic Review, Vol. 65(C), pp. 1-22; and Nakamura, E. and Steinsson, J.
(2008), “Five Facts about Prices: A Reevaluation of Menu Cost Models”, Quarterly Journal of Economics, Vol. 123, No 4, pp. 1415–1464. 18 See Álvarez et al. (2006), “Sticky Prices in the Euro Area: A Summary of New Micro-evidence ” , Journal of the  European Economic Association, Vol. 4, No 2/3, pp. 575–584.