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170325s2017 dcu o 000 0 eng d |
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|a (OCoLC)979169949
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|a UAMI
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|a Cantelmo, Alessandro,
|e author.
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|a Sectoral Labor Mobility and Optimal Monetary Policy /
|c by Alessandro Cantelmo and Giovanni Melina.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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|a 1 online resource (34 pages)
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336 |
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|a text
|b txt
|2 rdacontent
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|a computer
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|a online resource
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|a IMF working paper ;
|v WP/17/40
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|a Print version record.
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|a Cover; Contents; 1 Introduction; 2 Model; 2.1 Households; 2.2 Firms; 2.3 Fiscal and monetary policy; 2.4 Market clearing conditions and exogenous processes; 2.5 Functional forms; 3 Bayesian estimation; 3.1 Calibration and priors; 3.2 Estimation results; 4 Optimal monetary policy; 4.1 The monetary policy rule; 4.2 Welfare measure; 4.3 Results; 4.3.1 Impulse responses to an inflation shock; 4.3.2 Optimized interest-rate rules; 4.4 Robustness to alternative calibrations and interest rate rules; 5 Conclusion; References; Appendix; A Data; A.1 Durables and Residential Investments.
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|a A.2 Nondurables and ServicesA. 3 Data transformation for Bayesian estimation; B Symmetric equilibrium; C Steady state; List of Tables; 1 Calibrated parameters; 2 Prior and posterior distributions of estimated parameters; 3 Optimized monetary policy rule: Sticky vs Flexible Durables Prices; 4 Relative standard deviations of inflation, wages and output; 5 Optimized monetary policy rules: robustness to alternative calibrations; 6 Robustness to alternative optimized monetary policy rule; A.1 Data Sources; A.2 Data transformation -- Observables; List of Figures.
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|a 1 Sectoral labor mobility parameter: prior and posterior densities2 Responses to adurables price markup shock: Ramsey policy; 3 Durables price stickiness and optimal weight on durables inflation: flexible vs. sticky wages.
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|a eBooks on EBSCOhost
|b EBSCO eBook Subscription Academic Collection - Worldwide
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650 |
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|a Labor mobility.
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650 |
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|a Banks and banking.
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650 |
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|a Monetary policy.
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|a Main-d'œuvre
|x Mobilité.
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|a Politique monétaire.
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650 |
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|a BUSINESS & ECONOMICS
|x Labor.
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|a POLITICAL SCIENCE
|x Labor & Industrial Relations.
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|a Banks and banking.
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|0 (OCoLC)fst00826867
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650 |
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7 |
|a Labor mobility.
|2 fast
|0 (OCoLC)fst00990067
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650 |
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|a Monetary policy.
|2 fast
|0 (OCoLC)fst01025230
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700 |
1 |
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|a Melina, Giovanni,
|e author.
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776 |
0 |
8 |
|i Print version:
|a Cantelmo, Alessandro.
|t Sectoral Labor Mobility and Optimal Monetary Policy.
|d Washington, D.C. : International Monetary Fund, ©2017
|z 9781475584783
|
830 |
|
0 |
|a IMF working paper ;
|v WP/17/40.
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856 |
4 |
0 |
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