How Long to Read The Inflation-Unemployment Trade-off at Low Inflation

How Long Does it Take to Read The Inflation-Unemployment Trade-off at Low Inflation?

It takes the average reader and 49 minutes to read The Inflation-Unemployment Trade-off at Low Inflation by Pierpaolo Benigno

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

Description

Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting implications arise. First, a closed-form solution for a long-run Phillips curve relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes flatter as inflation declines. Second, macroeconomic volatility shifts the Phillips curve outward, implying that stabilization policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation.

How long is The Inflation-Unemployment Trade-off at Low Inflation?

The Inflation-Unemployment Trade-off at Low Inflation by Pierpaolo Benigno is 48 pages long, and a total of 12,384 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read The Inflation-Unemployment Trade-off at Low Inflation Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 7 minutes to read The Inflation-Unemployment Trade-off at Low Inflation aloud.

What Reading Level is The Inflation-Unemployment Trade-off at Low Inflation?

The Inflation-Unemployment Trade-off at Low Inflation 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 The Inflation-Unemployment Trade-off at Low Inflation?

The Inflation-Unemployment Trade-off at Low Inflation by Pierpaolo Benigno 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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