It takes the average reader and 32 minutes to read Growth Prospects, the Natural Interest Rate, and Monetary Policy by Salomon Fiedler
Assuming a reading speed of 250 words per minute. Learn more
The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion. Ten years after the Global Financial Crisis, GDP remains below its pre-crisis trend in many economies and interest rates continue to be very low worldwide. This raises the question of whether low GDP growth and low interest rates are a temporary phenomenon or are due to a decline in long-run growth prospects (potential output growth) and equilibrium real interest rates (natural interest rate). In this paper, we address this for central banks very important question and discuss implications for monetary policy. This document was provided by Policy Department A at the request of the Committee on Economic and Monetary Affairs.
Growth Prospects, the Natural Interest Rate, and Monetary Policy by Salomon Fiedler is 32 pages long, and a total of 8,064 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read Growth Prospects, the Natural Interest Rate, and Monetary Policy aloud.
Growth Prospects, the Natural Interest Rate, and Monetary 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.
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