How Long to Read Fiscal Consolidation During Times of High Unemployment
By Mr.Ruy Lama
How Long Does it Take to Read Fiscal Consolidation During Times of High Unemployment?
It takes the average reader and 41 minutes to read Fiscal Consolidation During Times of High Unemployment by Mr.Ruy Lama
Assuming a reading speed of 250 words per minute. Learn more
Description
This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open economy model with distortionary taxation and unemployment. We argue that the simultaneous reduction in the fiscal deficit and unemployment rate in this episode stems from two factors: (i) high growth rates of total factor productivity (TFP), experienced after the implementation of structural reforms; and (ii) a sustained wage restraint that occurred during the 1990s. The model simulations show that economic growth, accounted for mostly by TFP gains, improved the fiscal balance by 8 percentage points of GDP through an expansion of the tax base and fiscal revenues. Moreover, the combination of stable wages and higher TFP boosted net exports and led to a reduction in the unemployment rate. A counterfactual simulation assuming stagnant TFP shows that fiscal consolidation measures alone would have generated a double-digit unemployment rate without eliminating the fiscal deficit.
How long is Fiscal Consolidation During Times of High Unemployment?
Fiscal Consolidation During Times of High Unemployment by Mr.Ruy Lama is 41 pages long, and a total of 10,291 words.
This makes it 14% the length of the average book. It also has 13% more words than the average book.
How Long Does it Take to Read Fiscal Consolidation During Times of High Unemployment Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read Fiscal Consolidation During Times of High Unemployment aloud.
What Reading Level is Fiscal Consolidation During Times of High Unemployment?
Fiscal Consolidation During Times of High Unemployment 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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