How Long to Read Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors

How Long Does it Take to Read Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors?

It takes the average reader 2 hours and 41 minutes to read Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors by Yue Tan

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

Description

I develop a multisector New Keynesian dynamic stochastic general equilibrium model incorporating heterogeneities in the sector size, price stickiness, price indexation, and the price markup. I estimate a 12-sector version with post-1984 U.S. data using Bayesian techniques. The estimates suggest that over the sample period the Federal Reserve (the Fed) did not respond to changes in the prices of gasoline and other energy goods or changes in the price of health care, yet responded relatively more aggressively to changes in the prices of housing and utilities. I obtain multiple welfare-maximizing monetary policy schemes via simulation. The optimal schemes suggest that the Fed should focus on the prices of housing and utilities as well as the prices of food and beverages when responding to inflation. However, the welfare gains are small, suggesting that the current inflation target adopted by the Fed is almost indistinguishable from the optimal one in terms of welfare. On the other hand, more aggressive targeting of the output gap can offer much larger welfare improvement.

How long is Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors?

Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors by Yue Tan is 157 pages long, and a total of 40,349 words.

This makes it 53% the length of the average book. It also has 49% more words than the average book.

How Long Does it Take to Read Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours and 40 minutes to read Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors aloud.

What Reading Level is Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors?

Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors is suitable for students ages 10 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 Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors?

Optimal Monetary Policy in an Estimated New Keynesian Model with Heterogeneous Sectors by Yue Tan 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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