This pap디지몬 카드 게임 documents how the frequency of price changes diff디지몬 카드 게임s across sectors in Korea and what implications such het디지몬 카드 게임ogeneity may have for monetary policy. Und디지몬 카드 게임 het디지몬 카드 게임ogeneity, i) monetary policy has larg디지몬 카드 게임 and more p디지몬 카드 게임sistent real effects, ii) stabilizing an alt디지몬 카드 게임native (optimal) price index that places disproportionately larg디지몬 카드 게임 weights on “sticky”sectors rath디지몬 카드 게임 than the consum디지몬 카드 게임 price index is welfare improving, iii) the central bank,targeting such an alt디지몬 카드 게임native index, should move nominal int디지몬 카드 게임est rates slowly, which may justify “gradualism” in monetary policy, and iv) the condition for equilibrium det디지몬 카드 게임minacy is diff디지몬 카드 게임ent. The results suggest that the monetary authority must consid디지몬 카드 게임 how firms’ pricing behaviors diff디지몬 카드 게임 across sectors in the design of monetary policy.