It takes the average reader 1 hour to read Labor Force Participation and Monetary Policy in the Wake of the Great Recession by Christopher J. Erceg
Assuming a reading speed of 250 words per minute. Learn more
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during “normal times” (that is, in response to small or transitory shocks) but drops markedly in the wake of a large and persistent aggregate demand shock. Finally, we show that these considerations can have potentially crucial implications for the design of monetary policy, especially under circumstances in which...
Labor Force Participation and Monetary Policy in the Wake of the Great Recession by Christopher J. Erceg is 60 pages long, and a total of 15,000 words.
This makes it 20% the length of the average book. It also has 18% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 21 minutes to read Labor Force Participation and Monetary Policy in the Wake of the Great Recession aloud.
Labor Force Participation and Monetary Policy in the Wake of the Great Recession 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.
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