How Long to Read Fiscal Devaluation in a Monetary Union

How Long Does it Take to Read Fiscal Devaluation in a Monetary Union?

It takes the average reader and 33 minutes to read Fiscal Devaluation in a Monetary Union by Philipp Engler

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

Description

Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from employer's social contributions to the Value Added Tax. We find that a FD in ‘Southern European countries’ has a strong positive effect on output, but mild effects on the trade balance and the real exchange rate. Since the benefits of a FD are small relative to the divergence in competitiveness, it is best addressed through structural reforms.

How long is Fiscal Devaluation in a Monetary Union?

Fiscal Devaluation in a Monetary Union by Philipp Engler is 33 pages long, and a total of 8,349 words.

This makes it 11% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Fiscal Devaluation in a Monetary Union Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read Fiscal Devaluation in a Monetary Union aloud.

What Reading Level is Fiscal Devaluation in a Monetary Union?

Fiscal Devaluation in a Monetary Union 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.

Where Can I Buy Fiscal Devaluation in a Monetary Union?

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