How Long to Read Can Fiscal Consolidation Help Central Banks Fight Inflation?

How Long Does it Take to Read Can Fiscal Consolidation Help Central Banks Fight Inflation??

It takes the average reader and 51 minutes to read Can Fiscal Consolidation Help Central Banks Fight Inflation? by Mr. Jiaqian Chen

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

Description

This paper argues case that a tighter fiscal policy stance can meaningfully support central banks in fighting inflation in both advanced and emerging market economies. While the standard textbook result suggest that monetary policy is much more effective than fiscal policy in battling inflation in open economies due to the exchange rate channel, we show that a tighter fiscal stance is notably more effective in the current situation. This is so because when many countries currently need to tighten the policy stance simultaneously, the exchange rate channel does not provide monetary policy with an edge over fiscal policy. We also show that fiscal consolidation can be helpful in small open emerging markets and developing economies by reaffirming their commitment to price stability, and by putting the fiscal house in order which reduces risk premiums and strengthens the currency. Furthermore, we show that spillovers from major economies can be more adverse from tighter monetary policy. By applying a two-agent New Keynesian modeling framework with unconstrained and hand-to-mouth households, we show that any adverse effects of tighter fiscal policy (relative to tighter monetary policy) on consumption inequality can be handled with a combination of general spending cuts and targeted transfers to vulnerable households.

How long is Can Fiscal Consolidation Help Central Banks Fight Inflation??

Can Fiscal Consolidation Help Central Banks Fight Inflation? by Mr. Jiaqian Chen 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 Can Fiscal Consolidation Help Central Banks Fight Inflation? Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Can Fiscal Consolidation Help Central Banks Fight Inflation? aloud.

What Reading Level is Can Fiscal Consolidation Help Central Banks Fight Inflation??

Can Fiscal Consolidation Help Central Banks Fight Inflation? 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 Can Fiscal Consolidation Help Central Banks Fight Inflation??

Can Fiscal Consolidation Help Central Banks Fight Inflation? by Mr. Jiaqian Chen 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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