How Long to Read Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis
By Mr.Alexander W. Hoffmaister
How Long Does it Take to Read Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis?
It takes the average reader and 47 minutes to read Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis by Mr.Alexander W. Hoffmaister
Assuming a reading speed of 250 words per minute. Learn more
Description
Both analytical models and casual empiricism suggest that the timing of the recessionary costs associated with inflation stabilization in chronic inflation countries may depend on the nominal anchor which is used. Under money-based stabilization, the recession occurs at the beginning of the program, while under exchange rate-based stabilization the recession occurs later in the program. This paper provides a first attempt to formally test this hypothesis using a vector-autoregression model for Uruguay. The impulse response of output to different stabilization policies is broadly consistent with the “recession-now-versus-recession-later” hypothesis. The evidence also suggests, however, that the effectiveness of a monetary anchor in reducing inflation is hindered by the high degree of dollarization of the Uruguayan economy.
How long is Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis?
Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis by Mr.Alexander W. Hoffmaister is 46 pages long, and a total of 11,776 words.
This makes it 16% the length of the average book. It also has 14% more words than the average book.
How Long Does it Take to Read Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 4 minutes to read Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis aloud.
What Reading Level is Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis?
Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis 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.
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