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Title:Deep Habits and the Dynamic Effects of Monetary Policy Shocks Author(s):RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin; UUSKULA, LennoDate:2008Type:Working PaperSeries/Number:EUI ECO; 2008/40Abstract:This paper introduces deep habits into a sticky-price sticky-wage economy and asks whether the countercyclical markup movements induced by deep habits is helpful for accounting for the dynamic effects of monetary policy ...