How Long to Read Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy

How Long Does it Take to Read Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy?

It takes the average reader and 40 minutes to read Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy by Julian di Giovanni

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

Description

Forward-looking behavior on the part of the monetary authority leads least squares estimates to understate the true growth consequences of monetary policy interventions. We present instrumental variables estimates of the impact of interest rates on real output growth for several European countries, using German interest rates as the instrument. We show that the difference between least squares and instrumental variables estimates provides bounds for the degree of endogeneity in monetary policy. The results confirm a considerable downward bias of estimates that do not account for potential forward-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany.

How long is Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy?

Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy by Julian di Giovanni is 39 pages long, and a total of 10,101 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 55 minutes to read Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy aloud.

What Reading Level is Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy?

Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy 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 Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy?

Following Germany's Lead: Using International Monetary Linkages to Identify the Effect of Monetary Policy on the Economy by Julian di Giovanni 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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