Sectoral Labor Mobility and Optimal Monetary Policy is popular PDF and ePub book, written by Alessandro Cantelmo in 2017-03-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Sectoral Labor Mobility and Optimal Monetary Policy can be Read Online from any device for your convenience.
Sectoral Labor Mobility and Optimal Monetary Policy Book PDF Summary
In an estimated two-sector New-Keynesian model with durable and nondurable goods, an inverse relationship between sectoral labor mobility and the optimal weight the central bank should attach to durables inflation arises. The combination of nominal wage stickiness and limited labor mobility leads to a nonzero optimal weight for durables inflation even if durables prices were fully flexible. These results survive alternative calibrations and interestrate rules and point toward a non-negligible role of sectoral labor mobility for the conduct of monetary policy.
Detail Book of Sectoral Labor Mobility and Optimal Monetary Policy PDF
- Author : Alessandro Cantelmo
- Release : 06 March 2017
- Publisher : International Monetary Fund
- ISBN : 9781475584837
- Genre : Business & Economics
- Total Page : 33 pages
- Language : English
- PDF File Size : 7,5 Mb
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