It takes the average reader and 26 minutes to read Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely by Jan Gottschalk
Assuming a reading speed of 250 words per minute. Learn more
This note summarizes the main arguments put forward by some market commentators who argue that default is inevitable, and presents a rebuttal for each argument in turn. Their main arguments focus on the size of the adjustment and continued market concerns reflected in government bond spreads. The essence of our reasoning is that the challenge stems mainly from the advanced economies' large primary deficits. Thus, by lowering the interest bill while triggering the need to move to primary balance or a small primary surplus, default would not significantly reduce the need for major fiscal...
Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely by Jan Gottschalk is 26 pages long, and a total of 6,656 words.
This makes it 9% the length of the average book. It also has 8% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely aloud.
Default in Today's Advanced Economies: Unnecessary, Undesirable, and Unlikely 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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