How Long to Read A Requiem for the Fiscal Theory of the Price Level
By Mr.Roger Farmer
How Long Does it Take to Read A Requiem for the Fiscal Theory of the Price Level?
It takes the average reader and 34 minutes to read A Requiem for the Fiscal Theory of the Price Level by Mr.Roger Farmer
Assuming a reading speed of 250 words per minute. Learn more
Description
The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal policy rather than monetary policy. The models where this claim has been established assume that all decisions are made by an infinitely-lived representative agent. We present an alternative, arguably more realistic model, populated by sixty-two generations of people. We calibrate our model to an income profile from U.S. data and we show that the FTPL breaks down. In our model, the price level and the real interest rate are indeterminate, even when monetary and fiscal policy are both active. Our findings challenge established views about what constitutes a good combination of fiscal and monetary policies.
How long is A Requiem for the Fiscal Theory of the Price Level?
A Requiem for the Fiscal Theory of the Price Level by Mr.Roger Farmer is 34 pages long, and a total of 8,636 words.
This makes it 11% the length of the average book. It also has 11% more words than the average book.
How Long Does it Take to Read A Requiem for the Fiscal Theory of the Price Level Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read A Requiem for the Fiscal Theory of the Price Level aloud.
What Reading Level is A Requiem for the Fiscal Theory of the Price Level?
A Requiem for the Fiscal Theory of the Price Level 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 Requiem for the Fiscal Theory of the Price Level?
A Requiem for the Fiscal Theory of the Price Level by Mr.Roger Farmer 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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