How Long to Read Estimating The Inflation–Growth Nexus—A Smooth Transition Model

How Long Does it Take to Read Estimating The Inflation–Growth Nexus—A Smooth Transition Model?

It takes the average reader and 24 minutes to read Estimating The Inflation–Growth Nexus—A Smooth Transition Model by Mr.Raphael A. Espinoza

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

Description

Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between inflation and growth. We use a smooth transition model to investigate the speed at which inflation beyond a threshold becomes harmful to growth, an important consideration in the policy response to rising inflation as the world economy recovers. We estimate that for all country groups (except for advanced countries) inflation above a threshold of about 10 percent quickly becomes harmful to growth, suggesting the need for a prompt policy response to inflation at or above the relevant threshold. For the advanced economies, the threshold is much lower. For oil exporting countries, the estimates are less robust, possibly reflecting heterogeneity among oil producers, but the effect of higher inflation for oil producers is found to be stronger.

How long is Estimating The Inflation–Growth Nexus—A Smooth Transition Model?

Estimating The Inflation–Growth Nexus—A Smooth Transition Model by Mr.Raphael A. Espinoza is 24 pages long, and a total of 6,096 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read Estimating The Inflation–Growth Nexus—A Smooth Transition Model Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read Estimating The Inflation–Growth Nexus—A Smooth Transition Model aloud.

What Reading Level is Estimating The Inflation–Growth Nexus—A Smooth Transition Model?

Estimating The Inflation–Growth Nexus—A Smooth Transition Model 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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