It takes the average reader and 33 minutes to read Sectoral Labor Mobility and Optimal Monetary Policy by Alessandro Cantelmo
Assuming a reading speed of 250 words per minute. Learn more
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.
Sectoral Labor Mobility and Optimal Monetary Policy by Alessandro Cantelmo is 33 pages long, and a total of 8,349 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read Sectoral Labor Mobility and Optimal Monetary Policy aloud.
Sectoral Labor Mobility and Optimal Monetary Policy 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.
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