How Long to Read Are Australia's Current Account Deficits Excessive?

By Mr.Paul Cashin

How Long Does it Take to Read Are Australia's Current Account Deficits Excessive??

It takes the average reader and 28 minutes to read Are Australia's Current Account Deficits Excessive? by Mr.Paul Cashin

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

Description

This paper compares the evolution of the Australian current account balance over the period 1954–94 against an optimal current account derived from a consumption-smoothing model. The findings indicate that the Australian current account was not used to smooth consumption optimally in the period prior to the relaxation of capital controls in the early 1980s. The results also suggest that in the period since the mid-1980s Australia’s current account deficits have become excessive, and that the increase in national saving required to satisfy its external borrowing constraint is about 2 to 4...

How long is Are Australia's Current Account Deficits Excessive??

Are Australia's Current Account Deficits Excessive? by Mr.Paul Cashin is 28 pages long, and a total of 7,224 words.

This makes it 9% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Are Australia's Current Account Deficits Excessive? Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read Are Australia's Current Account Deficits Excessive? aloud.

What Reading Level is Are Australia's Current Account Deficits Excessive??

Are Australia's Current Account Deficits Excessive? 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.

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