How Long to Read Adjustment Dynamics and Business Cycle Heterogeneity in the EMU

How Long Does it Take to Read Adjustment Dynamics and Business Cycle Heterogeneity in the EMU?

It takes the average reader and 51 minutes to read Adjustment Dynamics and Business Cycle Heterogeneity in the EMU by Massimo Giovannini

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

Description

The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States (DE, FR, IT, ES). We compare the response of the four countries to identical shocks and find a particularly strong response of employment and wages in ES, a high sensitivity of IT to investment-related shocks, and a comparatively strong impact of global shocks on the DE economy. We also perform counterfactual exercises that apply the estimated shocks and parameters for ES to DE, FR, and IT. The counterfactual simulations suggest that differences in shocks have been important for GDP growth differentials, and together with structural differences also contributed to differences in employment fluctuations across the four countries considered.

How long is Adjustment Dynamics and Business Cycle Heterogeneity in the EMU?

Adjustment Dynamics and Business Cycle Heterogeneity in the EMU by Massimo Giovannini is 51 pages long, and a total of 12,801 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Adjustment Dynamics and Business Cycle Heterogeneity in the EMU Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Adjustment Dynamics and Business Cycle Heterogeneity in the EMU aloud.

What Reading Level is Adjustment Dynamics and Business Cycle Heterogeneity in the EMU?

Adjustment Dynamics and Business Cycle Heterogeneity in the EMU 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.

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