How Long to Read Market Reforms at the Zero Lower Bound

How Long Does it Take to Read Market Reforms at the Zero Lower Bound?

It takes the average reader 1 hour and 6 minutes to read Market Reforms at the Zero Lower Bound by Matteo Cacciatore

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

Description

This paper studies the impact of product and labor market reforms when the economy faces major slack and a binding constraint on monetary policy easing. such as the zero lower bound. To this end, we build a two-country model with endogenous producer entry, labor market frictions, and nominal rigidities. We find that while the effect of market reforms depends on the cyclical conditions under which they are implemented, the zero lower bound itself does not appear to matter. In fact, when carried out in a recession, the impact of reforms is typically stronger when the zero lower bound is binding. The reason is that reforms are inflationary in our structural model (or they have no noticeable deflationary effects). Thus, contrary to the implications of reduced-form modeling of product and labor market reforms as exogenous reductions in price and wage markups, our analysis shows that there is no simple across-the-board relationship between market reforms and the behavior of real marginal costs. This significantly alters the consequences of the zero (or any effective) lower bound on policy rates.

How long is Market Reforms at the Zero Lower Bound?

Market Reforms at the Zero Lower Bound by Matteo Cacciatore is 65 pages long, and a total of 16,575 words.

This makes it 22% the length of the average book. It also has 20% more words than the average book.

How Long Does it Take to Read Market Reforms at the Zero Lower Bound Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 30 minutes to read Market Reforms at the Zero Lower Bound aloud.

What Reading Level is Market Reforms at the Zero Lower Bound?

Market Reforms at the Zero Lower Bound 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 Market Reforms at the Zero Lower Bound?

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