Monetary Policy Impact.pdf

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Preview of Monetary Policy Impact
🔗 Source: sites.socsci.uci.edu
📊 Size: 4.92 MB
📄 Pages: 70 pages
⬇️ Downloads: 42

Summary

A contractionary monetary policy shock leads to a significant increase in labor supply, with workers reducing quits to non-employment and non-employed individuals increasing job-seeking behavior, and these effects are quantitatively important, with the decline in employment from a contractionary monetary policy shock being twice as large if supply-driven labor market flows are held constant.

Description

A contractionary monetary policy shock leads to a significant increase in labor supply, with workers reducing quits to non-employment and non-employed...

Technical Information

  • File Format: PDF
  • File Size: 4.92 MB
  • Pages: 70
  • Language: EN
  • Total Downloads: 42
  • Last Updated: 7 days ago

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