It takes the average reader and 43 minutes to read Financial Infusion and Exiting From a Money Rule by Mr. Mark R. Stone
Assuming a reading speed of 250 words per minute. Learn more
Money demand often surges after successful macroeconomic stabilization. This paper gives a name—financial infusion—to these surges because their size, unpredictability, and concurrence with other “success shocks” pose unique challenges to policy, especially under a money rule. An examination of 26 stabilization episodes shows that money to GDP can be expected to decline before stabilization and rise sharply thereafter. Analysis of the policy response to financial infusion under a money rule concludes that it amplifies output and price volatility, even if built into the rule. Finally, the main elements of an exit strategy from a money rule to an exchange rate or inflation target are discussed.
Financial Infusion and Exiting From a Money Rule by Mr. Mark R. Stone is 43 pages long, and a total of 10,879 words.
This makes it 15% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Financial Infusion and Exiting From a Money Rule aloud.
Financial Infusion and Exiting From a Money Rule is suitable for students ages 8 and up.
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