It takes the average reader and 36 minutes to read Deconstructing the Art of Central Banking by Mr. Tamim Bayoumi
Assuming a reading speed of 250 words per minute. Learn more
This paper proposes a markedly different transmission mechanism from monetary policy to the macroeconomy, focusing on how policy changes nominal inertia in the Phillips curve. Using recent theoretical developments, we examine the properties of a small, estimated U.S. monetary model distinguishing four monetary regimes employed since the late 1950s. We find that changes in monetary policy are linked to shifts in nominal inertia, and that these improvements in supply-side flexibility are indeed the main channel through which monetary policy lowers the volatility of inflation and, even more...
Deconstructing the Art of Central Banking by Mr. Tamim Bayoumi is 36 pages long, and a total of 9,216 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Deconstructing the Art of Central Banking aloud.
Deconstructing the Art of Central Banking is suitable for students ages 8 and up.
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