It takes the average reader and 24 minutes to read Evaluating Policy Rules Under Imperfect Credibility by Mr.Paul R. Masson
Assuming a reading speed of 250 words per minute. Learn more
Evaluation of policy rules using empirical macroeconomic models is usually done on the assumption that the rules are perfectly credible. However, there are usually circumstances that cause the authorities to abandon any given rule. The public's expectations reflect this possibility. In the paper, credibility is assumed to depend on the probability that the authorities will abandon a rule because the resulting utility exceeds that from maintaining the rule. Simulations of a disinflation policy leading to price stability are presented. Its credibility varies over time, depending on the paths for output and inflation.
Evaluating Policy Rules Under Imperfect Credibility by Mr.Paul R. Masson 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.
The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read Evaluating Policy Rules Under Imperfect Credibility aloud.
Evaluating Policy Rules Under Imperfect Credibility 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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