It takes the average reader and 43 minutes to read Growth Forecast Errors and Fiscal Multipliers by Mr.Olivier J. Blanchard
Assuming a reading speed of 250 words per minute. Learn more
This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong, both statistically and economically, early in the crisis. A natural interpretation is that fiscal multipliers were substantially higher than implicitly assumed by forecasters. The weaker relation in more recent years may reflect in part learning by forecasters and in part smaller multipliers than in the...
Growth Forecast Errors and Fiscal Multipliers by Mr.Olivier J. Blanchard is 43 pages long, and a total of 10,879 words.
This makes it 15% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Growth Forecast Errors and Fiscal Multipliers aloud.
Growth Forecast Errors and Fiscal Multipliers is suitable for students ages 8 and up.
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