How Long to Read Flexible Fiscal Rules and Countercyclical Fiscal Policy

How Long Does it Take to Read Flexible Fiscal Rules and Countercyclical Fiscal Policy?

It takes the average reader and 48 minutes to read Flexible Fiscal Rules and Countercyclical Fiscal Policy by Ms.Martine Guerguil

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

Description

This paper assesses the impact of different types of flexible fiscal rules on the procyclicality of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self-selection problems. It finds that not all fiscal rules have the same impact: the design matters. Specifically, investment-friendly rules reduce the procyclicality of both overall and investment spending. The effect appears stronger in bad times and when the rule is enacted at the national level. The introduction of escape clauses in fiscal rules does not seem to affect the cyclical stance of public spending. The inclusion of cyclical adjustment features in spending rules yields broadly similar results. The results are mixed for cyclically-adjusted budget balance rules: enacting the latter is associated with countercyclical movements in overall spending, but with procyclical changes in investment spending. Structural factors, such as past debt, the level of development, the volatility of terms of trade, natural resources endowment, government stability, and the legal enforcement and monitoring arrangements backing the rule also influence the link between fiscal rules and countercyclicality. The results are robust to a wide set of alternative specifications.

How long is Flexible Fiscal Rules and Countercyclical Fiscal Policy?

Flexible Fiscal Rules and Countercyclical Fiscal Policy by Ms.Martine Guerguil is 47 pages long, and a total of 12,079 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Flexible Fiscal Rules and Countercyclical Fiscal Policy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 6 minutes to read Flexible Fiscal Rules and Countercyclical Fiscal Policy aloud.

What Reading Level is Flexible Fiscal Rules and Countercyclical Fiscal Policy?

Flexible Fiscal Rules and Countercyclical Fiscal Policy 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 Flexible Fiscal Rules and Countercyclical Fiscal Policy?

Flexible Fiscal Rules and Countercyclical Fiscal Policy by Ms.Martine Guerguil 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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