It takes the average reader and 27 minutes to read Fiscal Policy Rules for Oil-Producing Countries: A Welfare-Based Assessment by Wojciech Maliszewski
Assuming a reading speed of 250 words per minute. Learn more
The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth prospects. The distribution of non-oil wealth is important for countries with relatively low oil reserves. Corrections for adjustment costs and uncertainty with respect to oil prices should be applied carefully. While avoiding sharp changes in the fiscal policy stance may be appealing, it is not necessarily optimal if the initial position is unsustainable. Ad hoc rules are shown to perform poorly. The analysis abstracts from several issues critical for developing a practical policy advice and should not be treated as a complete framework.
Fiscal Policy Rules for Oil-Producing Countries: A Welfare-Based Assessment by Wojciech Maliszewski is 27 pages long, and a total of 6,939 words.
This makes it 9% the length of the average book. It also has 8% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 37 minutes to read Fiscal Policy Rules for Oil-Producing Countries: A Welfare-Based Assessment aloud.
Fiscal Policy Rules for Oil-Producing Countries: A Welfare-Based Assessment 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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