How Long to Read Credit Cycles, Fiscal Policy, and Global Imbalances

How Long Does it Take to Read Credit Cycles, Fiscal Policy, and Global Imbalances?

It takes the average reader and 53 minutes to read Credit Cycles, Fiscal Policy, and Global Imbalances by Callum Jones

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

Description

We study the role that changes in credit and fiscal positions play in explaining current account fluctuations. Empirically, the current account declines when credit increases, and when the fiscal balance declines. We use a two-country model with financial frictions and fiscal policy to study these facts. We estimate the model using annual data for the U.S. and “a rest of the world” aggregate that includes main advanced economies. We find that about 30 percent of U.S. current account balance fluctuations are due to domestic credit shocks, while fiscal shocks explain about 14 percent. We evaluate simple macroprudential policy rules and show that they help reduce global imbalances. By taming the financial cycle, macroprudential rules that react to domestic credit conditions or to domestic house prices would have led to a smaller and less volatile U.S. current account deficit. We also show that a countercylical fiscal policy rule that stabilizes output growth reduces the level and volatility of the U.S. current account deficit.

How long is Credit Cycles, Fiscal Policy, and Global Imbalances?

Credit Cycles, Fiscal Policy, and Global Imbalances by Callum Jones is 53 pages long, and a total of 13,409 words.

This makes it 18% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Credit Cycles, Fiscal Policy, and Global Imbalances Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 13 minutes to read Credit Cycles, Fiscal Policy, and Global Imbalances aloud.

What Reading Level is Credit Cycles, Fiscal Policy, and Global Imbalances?

Credit Cycles, Fiscal Policy, and Global Imbalances 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 Credit Cycles, Fiscal Policy, and Global Imbalances?

Credit Cycles, Fiscal Policy, and Global Imbalances by Callum Jones 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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