How Long to Read Does Monetary Union Reduce Employment?

How Long Does it Take to Read Does Monetary Union Reduce Employment??

It takes the average reader and 36 minutes to read Does Monetary Union Reduce Employment? by Anssi Rantala

Assuming a reading speed of 250 words per minute. Learn more

Description

We use a two-country monetary model with unionized labor markets and open-economy spillovers to study the macroeconomic consequences of the formation of a monetary union. It is shown that the monetary regime affects the trade-off between real consumer wages and employment faced by the unions. Consequently, the equilibrium employment is endogenous and depends on the monetary regime. In particular, a switch from a floating exchange rate regime to a monetary union improves employment, provided that the degree of central bank conservatism is sufficiently high, whereas with low degrees of conservatism employment falls. Inflation is higher in a monetary union with all finite degrees of central bank conservatism. In addition, we consider an asymmetric fixed exchange rate regime as an alternative starting position for a monetary union. All results are derived assuming that labor unions are only interested in employment and real wages (not directly inflation) and that all structural parameters of the model remain unchanged when a monetary union is established.

How long is Does Monetary Union Reduce Employment??

Does Monetary Union Reduce Employment? by Anssi Rantala is 36 pages long, and a total of 9,216 words.

This makes it 12% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read Does Monetary Union Reduce Employment? Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Does Monetary Union Reduce Employment? aloud.

What Reading Level is Does Monetary Union Reduce Employment??

Does Monetary Union Reduce Employment? is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Does Monetary Union Reduce Employment??

Does Monetary Union Reduce Employment? by Anssi Rantala is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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