How Long to Read How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments

How Long Does it Take to Read How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments?

It takes the average reader and 36 minutes to read How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments by Mr. Julio Escolano

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

Description

The sizeable fiscal consolidation required to stabilize the debt-to-GDP ratios in several countries in the aftermath of the global crisis raises a crucial question on its feasibility. To answer this question, we rely on historical evidence from a sample of 91 adjustment episodes of countries during 1945–2012 that needed and wanted to adjust in order to stabilize debt to GDP. We find that, in at least half the cases, countries improved their cyclically adjusted primary balances by close to 5 percent of GDP. We also observe that, while countries typically make substantial efforts to stabilize debt, once this objective is achieved, they tend to ease their primary balances and do not necessarily get back to their initial lower debt-to-GDP ratio. We find that consolidations tended to be larger when the initial deficit was high and adjustment efforts were sustained over time. Fiscal adjustments also tended to be larger when accompanied by an easing of monetary conditions and, to a lesser extent, by an improvement in credit conditions.

How long is How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments?

How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments by Mr. Julio Escolano is 36 pages long, and a total of 9,216 words.

This makes it 12% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments aloud.

What Reading Level is How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments?

How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments 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 How Much is A Lot? Historical Evidence on the Size of Fiscal Adjustments?

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