How Long to Read Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries

How Long Does it Take to Read Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries?

It takes the average reader and 38 minutes to read Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries by Huixin Bi

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

Description

This paper studies fiscal policy effects in developing countries with external debt and sovereign default risks. State-dependent distributions of fiscal limits are simulated based on macroeconomic uncertainty and fiscal policy specifications. The analysis shows that expected future revenue plays an important role in the low fiscal limits of developing countries, relative to those of developed countries. External debt carries additional risks since large devaluation of the real exchange rate can suddenly raise default probabilities. Consistent with majority views, fiscal consolidations are counterproductive in the short and medium runs. When an economy approaches its fiscal limits, government spending can be less expansionary than in a low-debt state. As more revenue is required to service debt in a high-debt state, higher tax rates raise the economic cost of increasing consumption, reducing the fiscal multiplier.

How long is Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries?

Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries by Huixin Bi is 37 pages long, and a total of 9,509 words.

This makes it 12% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries aloud.

What Reading Level is Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries?

Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries 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 Limits, External Debt, and Fiscal Policy in Developing Countries?

Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries by Huixin Bi is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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