How Long to Read Disinflation, External Vulnerability, and Fiscal Intransigence

How Long Does it Take to Read Disinflation, External Vulnerability, and Fiscal Intransigence?

It takes the average reader and 34 minutes to read Disinflation, External Vulnerability, and Fiscal Intransigence by Mr.Evan C Tanner

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

Description

This paper examines the policy challenges a country faces when it wants to both reduce inflation and maintain a sustainable external position. Mundell’s (1962) policy assignment framework suggests that these two goals may be mutually incompatible unless monetary and fiscal policies are properly coordinated. Unfortunately, if the fiscal authority is unwilling to cooperate—a case of fiscal intransigence—central banks that pursue a disinflation on a ‘go it alone’ basis will cause the country’s external position to further deteriorate. A dynamic analysis shows that if the central bank itself lacks credibility in its inflation goal, it must rely even more on cooperation from the fiscal authority than otherwise. Echoing Sargent and Wallace’s (1981) ‘unpleasant monetarist arithmetic,’ in these circumstances, a ‘go it alone’ policy may successfully stabilize prices and output, but only on a short-term basis.

How long is Disinflation, External Vulnerability, and Fiscal Intransigence?

Disinflation, External Vulnerability, and Fiscal Intransigence by Mr.Evan C Tanner is 34 pages long, and a total of 8,636 words.

This makes it 11% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read Disinflation, External Vulnerability, and Fiscal Intransigence Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Disinflation, External Vulnerability, and Fiscal Intransigence aloud.

What Reading Level is Disinflation, External Vulnerability, and Fiscal Intransigence?

Disinflation, External Vulnerability, and Fiscal Intransigence 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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