Sectoral Labor Mobility and Optimal Monetary Policy /:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2017.
|
| Schriftenreihe: | IMF working paper ;
WP/17/40. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | 1 online resource (34 pages) |
| ISBN: | 9781475584905 1475584903 |
Internformat
MARC
| LEADER | 00000cam a2200000Mu 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBU-ocn979169949 | ||
| 003 | OCoLC | ||
| 005 | 20241004212047.0 | ||
| 006 | m o d | ||
| 007 | cr |n|---||||| | ||
| 008 | 170325s2017 dcu o 000 0 eng d | ||
| 040 | |a EBLCP |b eng |e pn |c EBLCP |d YDX |d IDEBK |d MERUC |d OCLCQ |d OCLCF |d OCLCO |d WRM |d N$T |d AGLDB |d IGB |d OCLCQ |d G3B |d S8J |d S8I |d STF |d D6H |d BTN |d AUW |d INTCL |d MHW |d SNK |d OCLCQ |d CUS |d OCLCO |d OCLCQ |d OCLCO |d OCLCL | ||
| 019 | |a 978656607 |a 978962340 |a 979037438 |a 979313990 |a 979928394 |a 980190316 |a 980397620 |a 980635067 |a 1264968346 | ||
| 020 | |a 9781475584905 |q (electronic bk.) | ||
| 020 | |a 1475584903 |q (electronic bk.) | ||
| 035 | |a (OCoLC)979169949 |z (OCoLC)978656607 |z (OCoLC)978962340 |z (OCoLC)979037438 |z (OCoLC)979313990 |z (OCoLC)979928394 |z (OCoLC)980190316 |z (OCoLC)980397620 |z (OCoLC)980635067 |z (OCoLC)1264968346 | ||
| 050 | 4 | |a HD5717 | |
| 072 | 7 | |a BUS |x 038000 |2 bisacsh | |
| 072 | 7 | |a POL |x 013000 |2 bisacsh | |
| 082 | 7 | |a 331.12791 |2 23 | |
| 049 | |a MAIN | ||
| 100 | 1 | |a Cantelmo, Alessandro, |e author. | |
| 245 | 1 | 0 | |a Sectoral Labor Mobility and Optimal Monetary Policy / |c by Alessandro Cantelmo and Giovanni Melina. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2017. | ||
| 300 | |a 1 online resource (34 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/17/40 | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |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. | |
| 505 | 8 | |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. | |
| 505 | 8 | |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. | |
| 650 | 0 | |a Labor mobility. |0 http://id.loc.gov/authorities/subjects/sh85073716 | |
| 650 | 0 | |a Banks and banking. |0 http://id.loc.gov/authorities/subjects/sh85011609 | |
| 650 | 0 | |a Monetary policy. |0 http://id.loc.gov/authorities/subjects/sh85086787 | |
| 650 | 6 | |a Main-d'uvre |x Mobilité. | |
| 650 | 6 | |a Politique monétaire. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Labor. |2 bisacsh | |
| 650 | 7 | |a POLITICAL SCIENCE |x Labor & Industrial Relations. |2 bisacsh | |
| 650 | 7 | |a Banks and banking |2 fast | |
| 650 | 7 | |a Labor mobility |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 700 | 1 | |a Melina, Giovanni, |e author. |0 http://id.loc.gov/authorities/names/no2011144328 | |
| 758 | |i has work: |a Sectoral Labor Mobility and Optimal Monetary Policy (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGrFTRpqMHMHMh6tcDWjvd |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 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. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBU |q FWS_PDA_EBU |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1487680 |3 Volltext |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL4826354 | ||
| 938 | |a EBSCOhost |b EBSC |n 1487680 | ||
| 938 | |a ProQuest MyiLibrary Digital eBook Collection |b IDEB |n cis37854007 | ||
| 938 | |a YBP Library Services |b YANK |n 13779283 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBU | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBU-ocn979169949 |
|---|---|
| _version_ | 1816796926651138048 |
| adam_text | |
| any_adam_object | |
| author | Cantelmo, Alessandro Melina, Giovanni |
| author_GND | http://id.loc.gov/authorities/names/no2011144328 |
| author_facet | Cantelmo, Alessandro Melina, Giovanni |
| author_role | aut aut |
| author_sort | Cantelmo, Alessandro |
| author_variant | a c ac g m gm |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HD5717 |
| callnumber-raw | HD5717 |
| callnumber-search | HD5717 |
| callnumber-sort | HD 45717 |
| callnumber-subject | HD - Industries, Land Use, Labor |
| collection | ZDB-4-EBU |
| contents | 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. 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. 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. |
| ctrlnum | (OCoLC)979169949 |
| dewey-full | 331.12791 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 331 - Labor economics |
| dewey-raw | 331.12791 |
| dewey-search | 331.12791 |
| dewey-sort | 3331.12791 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04360cam a2200601Mu 4500</leader><controlfield tag="001">ZDB-4-EBU-ocn979169949</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr |n|---|||||</controlfield><controlfield tag="008">170325s2017 dcu o 000 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">EBLCP</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">EBLCP</subfield><subfield code="d">YDX</subfield><subfield code="d">IDEBK</subfield><subfield code="d">MERUC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCF</subfield><subfield code="d">OCLCO</subfield><subfield code="d">WRM</subfield><subfield code="d">N$T</subfield><subfield code="d">AGLDB</subfield><subfield code="d">IGB</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">G3B</subfield><subfield code="d">S8J</subfield><subfield code="d">S8I</subfield><subfield code="d">STF</subfield><subfield code="d">D6H</subfield><subfield code="d">BTN</subfield><subfield code="d">AUW</subfield><subfield code="d">INTCL</subfield><subfield code="d">MHW</subfield><subfield code="d">SNK</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">CUS</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCL</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">978656607</subfield><subfield code="a">978962340</subfield><subfield code="a">979037438</subfield><subfield code="a">979313990</subfield><subfield code="a">979928394</subfield><subfield code="a">980190316</subfield><subfield code="a">980397620</subfield><subfield code="a">980635067</subfield><subfield code="a">1264968346</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475584905</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475584903</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)979169949</subfield><subfield code="z">(OCoLC)978656607</subfield><subfield code="z">(OCoLC)978962340</subfield><subfield code="z">(OCoLC)979037438</subfield><subfield code="z">(OCoLC)979313990</subfield><subfield code="z">(OCoLC)979928394</subfield><subfield code="z">(OCoLC)980190316</subfield><subfield code="z">(OCoLC)980397620</subfield><subfield code="z">(OCoLC)980635067</subfield><subfield code="z">(OCoLC)1264968346</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HD5717</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">038000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">POL</subfield><subfield code="x">013000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">331.12791</subfield><subfield code="2">23</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Cantelmo, Alessandro,</subfield><subfield code="e">author.</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Sectoral Labor Mobility and Optimal Monetary Policy /</subfield><subfield code="c">by Alessandro Cantelmo and Giovanni Melina.</subfield></datafield><datafield tag="260" ind1=" " ind2=" "><subfield code="a">Washington, D.C. :</subfield><subfield code="b">International Monetary Fund,</subfield><subfield code="c">2017.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (34 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">IMF working paper ;</subfield><subfield code="v">WP/17/40</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="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.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="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.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="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.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Labor mobility.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85073716</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Banks and banking.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85011609</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Monetary policy.</subfield><subfield code="0">http://id.loc.gov/authorities/subjects/sh85086787</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Main-d'uvre</subfield><subfield code="x">Mobilité.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Politique monétaire.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Labor.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">POLITICAL SCIENCE</subfield><subfield code="x">Labor & Industrial Relations.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Banks and banking</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Labor mobility</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Monetary policy</subfield><subfield code="2">fast</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Melina, Giovanni,</subfield><subfield code="e">author.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no2011144328</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">Sectoral Labor Mobility and Optimal Monetary Policy (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCGrFTRpqMHMHMh6tcDWjvd</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Cantelmo, Alessandro.</subfield><subfield code="t">Sectoral Labor Mobility and Optimal Monetary Policy.</subfield><subfield code="d">Washington, D.C. : International Monetary Fund, ©2017</subfield><subfield code="z">9781475584783</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">IMF working paper ;</subfield><subfield code="v">WP/17/40.</subfield><subfield code="0">http://id.loc.gov/authorities/names/no89010263</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBU</subfield><subfield code="q">FWS_PDA_EBU</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1487680</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBL - Ebook Library</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL4826354</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">1487680</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">ProQuest MyiLibrary Digital eBook Collection</subfield><subfield code="b">IDEB</subfield><subfield code="n">cis37854007</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">13779283</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-4-EBU-ocn979169949 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:27Z |
| institution | BVB |
| isbn | 9781475584905 1475584903 |
| language | English |
| oclc_num | 979169949 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (34 pages) |
| psigel | ZDB-4-EBU |
| publishDate | 2017 |
| publishDateSearch | 2017 |
| publishDateSort | 2017 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Cantelmo, Alessandro, author. Sectoral Labor Mobility and Optimal Monetary Policy / by Alessandro Cantelmo and Giovanni Melina. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (34 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/17/40 Print version record. 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. 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. 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. Labor mobility. http://id.loc.gov/authorities/subjects/sh85073716 Banks and banking. http://id.loc.gov/authorities/subjects/sh85011609 Monetary policy. http://id.loc.gov/authorities/subjects/sh85086787 Main-d'uvre Mobilité. Politique monétaire. BUSINESS & ECONOMICS Labor. bisacsh POLITICAL SCIENCE Labor & Industrial Relations. bisacsh Banks and banking fast Labor mobility fast Monetary policy fast Melina, Giovanni, author. http://id.loc.gov/authorities/names/no2011144328 has work: Sectoral Labor Mobility and Optimal Monetary Policy (Text) https://id.oclc.org/worldcat/entity/E39PCGrFTRpqMHMHMh6tcDWjvd https://id.oclc.org/worldcat/ontology/hasWork Print version: Cantelmo, Alessandro. Sectoral Labor Mobility and Optimal Monetary Policy. Washington, D.C. : International Monetary Fund, ©2017 9781475584783 IMF working paper ; WP/17/40. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1487680 Volltext |
| spellingShingle | Cantelmo, Alessandro Melina, Giovanni Sectoral Labor Mobility and Optimal Monetary Policy / IMF working paper ; 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. 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. 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. Labor mobility. http://id.loc.gov/authorities/subjects/sh85073716 Banks and banking. http://id.loc.gov/authorities/subjects/sh85011609 Monetary policy. http://id.loc.gov/authorities/subjects/sh85086787 Main-d'uvre Mobilité. Politique monétaire. BUSINESS & ECONOMICS Labor. bisacsh POLITICAL SCIENCE Labor & Industrial Relations. bisacsh Banks and banking fast Labor mobility fast Monetary policy fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85073716 http://id.loc.gov/authorities/subjects/sh85011609 http://id.loc.gov/authorities/subjects/sh85086787 |
| title | Sectoral Labor Mobility and Optimal Monetary Policy / |
| title_auth | Sectoral Labor Mobility and Optimal Monetary Policy / |
| title_exact_search | Sectoral Labor Mobility and Optimal Monetary Policy / |
| title_full | Sectoral Labor Mobility and Optimal Monetary Policy / by Alessandro Cantelmo and Giovanni Melina. |
| title_fullStr | Sectoral Labor Mobility and Optimal Monetary Policy / by Alessandro Cantelmo and Giovanni Melina. |
| title_full_unstemmed | Sectoral Labor Mobility and Optimal Monetary Policy / by Alessandro Cantelmo and Giovanni Melina. |
| title_short | Sectoral Labor Mobility and Optimal Monetary Policy / |
| title_sort | sectoral labor mobility and optimal monetary policy |
| topic | Labor mobility. http://id.loc.gov/authorities/subjects/sh85073716 Banks and banking. http://id.loc.gov/authorities/subjects/sh85011609 Monetary policy. http://id.loc.gov/authorities/subjects/sh85086787 Main-d'uvre Mobilité. Politique monétaire. BUSINESS & ECONOMICS Labor. bisacsh POLITICAL SCIENCE Labor & Industrial Relations. bisacsh Banks and banking fast Labor mobility fast Monetary policy fast |
| topic_facet | Labor mobility. Banks and banking. Monetary policy. Main-d'uvre Mobilité. Politique monétaire. BUSINESS & ECONOMICS Labor. POLITICAL SCIENCE Labor & Industrial Relations. Banks and banking Labor mobility Monetary policy |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1487680 |
| work_keys_str_mv | AT cantelmoalessandro sectorallabormobilityandoptimalmonetarypolicy AT melinagiovanni sectorallabormobilityandoptimalmonetarypolicy |