How Long to Read A Political Agency Theory of Central Bank Independence

How Long Does it Take to Read A Political Agency Theory of Central Bank Independence?

It takes the average reader and 49 minutes to read A Political Agency Theory of Central Bank Independence by Mr. Gauti B. Eggertsson

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

Description

We propose a theory to explain why, and under what circumstances, a politician gives up rent and delegates policy tasks to an independent agency. We apply this theory to monetary policy by extending a standard dynamic "New-Keynesian" stochastic general equilibrium model. This model gives a new theory of central bank independence that is unrelated to the standard inflation bias problem. We derive several new predictions and show that they are consistent with the data. Finally, we show that while instrument independence of the central bank is desirable, goal independence is not.

How long is A Political Agency Theory of Central Bank Independence?

A Political Agency Theory of Central Bank Independence by Mr. Gauti B. Eggertsson is 48 pages long, and a total of 12,384 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read A Political Agency Theory of Central Bank Independence Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 7 minutes to read A Political Agency Theory of Central Bank Independence aloud.

What Reading Level is A Political Agency Theory of Central Bank Independence?

A Political Agency Theory of Central Bank Independence 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 A Political Agency Theory of Central Bank Independence?

A Political Agency Theory of Central Bank Independence by Mr. Gauti B. Eggertsson 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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