It takes the average reader and 16 minutes to read Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands by Mr.Shanaka J. Peiris
Assuming a reading speed of 250 words per minute. Learn more
Pacific Islands countries are vulnerable to commodity price shocks, and this poses challenges to monetary policy. The high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs suggest a greater efficacy of exchange rate changes in affecting inflation rather than monetary policy. To assess the tradeoff between the use of the exchange rate and monetary policy in macroeconomic stabilization, we employ a model-based approach to examine the optimal policy in response to the historical distribution of exogenous shocks in a Pacific Island (Tonga). The empirical evidence and model simulations tilt in the favor of exchange rate policy given the close relationship between exchange rate changes and headline inflation and the low interest rate sensitivity of aggregate demand.
Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands by Mr.Shanaka J. Peiris is 16 pages long, and a total of 4,096 words.
This makes it 5% the length of the average book. It also has 5% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 22 minutes to read Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands aloud.
Global Commodity Prices, Monetary Transmission, and Exchange Rate Pass-Through in the Pacific Islands is suitable for students ages 6 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.
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