How Long to Read The Negative Mean Output Gap

How Long Does it Take to Read The Negative Mean Output Gap?

It takes the average reader and 24 minutes to read The Negative Mean Output Gap by Mr.Shekhar Aiyar

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

Description

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns than they increase employment during expansions. This is demonstrated in a simple New Keynesian model with asymmetric wage adjustment costs. Using the model's output gap as a benchmark, we further show that common output gap estimation methods exhibit a systematic bias because they assume a zero mean. The bias is especially large in deep recessions when potential output tends to be most severely underestimated.

How long is The Negative Mean Output Gap?

The Negative Mean Output Gap by Mr.Shekhar Aiyar is 24 pages long, and a total of 6,096 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read The Negative Mean Output Gap Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read The Negative Mean Output Gap aloud.

What Reading Level is The Negative Mean Output Gap?

The Negative Mean Output Gap 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 Negative Mean Output Gap?

The Negative Mean Output Gap by Mr.Shekhar Aiyar 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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