It takes the average reader and 50 minutes to read External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule by Mr.Peter Montiel
Assuming a reading speed of 250 words per minute. Learn more
This paper shows that the response of inflation to external shocks is very different when the authorities target the real exchange rate than when they follow a fixed exchange rate or a preannounced crawling peg. Specifically, shocks that would have no effect on the steady-state inflation rate under a fixed exchange rate are either inflationary or deflationary under a real exchange rate rule. Moreover, irrespective of the degree of capital mobility, the authorities will find it difficult to mitigate the destabilizing effects of real shocks on the price level by using monetary policy, except...
External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule by Mr.Peter Montiel is 50 pages long, and a total of 12,500 words.
This makes it 17% the length of the average book. It also has 15% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 8 minutes to read External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule aloud.
External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule is suitable for students ages 8 and up.
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