It takes the average reader and 30 minutes to read Government Debt, Life-Cycle Income and Liquidity Constrains by Mr.Hamid Faruqee
Assuming a reading speed of 250 words per minute. Learn more
Evans (1991) has demonstrated that Blanchard’s (1985) finite-horizon model obeys approximate Ricardian equivalence. We show that this result is determined largely by an unrealistic assumption that labor income grows monotonically over a consumer’s entire lifetime. Introducing more realistic lifetime earnings profiles, we find that the effects of government debt on the real interest rate and the capital stock become considerably larger. In particular, leaving aside the effects of distortionary capital taxation, the extended model with liquidity constraints predicts that real interest rates...
Government Debt, Life-Cycle Income and Liquidity Constrains by Mr.Hamid Faruqee is 30 pages long, and a total of 7,500 words.
This makes it 10% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 40 minutes to read Government Debt, Life-Cycle Income and Liquidity Constrains aloud.
Government Debt, Life-Cycle Income and Liquidity Constrains 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.
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