TY  - BOOK
AU  - Cantelmo,Alessandro
AU  - Melina,Giovanni
TI  - Sectoral Labor Mobility and Optimal Monetary Policy
T2  - IMF working paper
SN  - 9781475584905
AV  - HD5717 
U1  - 331.12791 23
PY  - 2017///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Labor mobility
KW  - Banks and banking
KW  - Monetary policy
KW  - Main-d'œuvre
KW  - Mobilité
KW  - Politique monétaire
KW  - BUSINESS & ECONOMICS
KW  - Labor
KW  - bisacsh
KW  - POLITICAL SCIENCE
KW  - Labor & Industrial Relations
KW  - fast
KW  - Electronic books
N1  - 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
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1487680
ER  -