It takes the average reader and 44 minutes to read Fiscal Dominance and Inflation in the Democratic Republic of the Congo by Jean-Claude Nachega
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the fiscal dominance hypothesis in the Democratic Republic of the Congo (DRC) during 1981-2003, using multivariate cointegration analysis and vector errorcorrection modeling. Empirical results point to strong and statistically significant long-run relationships between budget deficits and seigniorage, and between money creation and inflation. The long-run inflationary impact of budget deficits is robust to the inclusion of output growth or velocity in the inflation and monetary growth equations. The paper offers some policy recommendations for long-term price stability in the DRC.
Fiscal Dominance and Inflation in the Democratic Republic of the Congo by Jean-Claude Nachega is 44 pages long, and a total of 11,176 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Fiscal Dominance and Inflation in the Democratic Republic of the Congo aloud.
Fiscal Dominance and Inflation in the Democratic Republic of the Congo 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.
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