How Long to Read In Search of a New Equilibrium

How Long Does it Take to Read In Search of a New Equilibrium?

It takes the average reader 3 hours and 33 minutes to read In Search of a New Equilibrium by Paolo Canofari

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

Description

The book shows that the overcoming of the negative imbalances in the current accounts of the large majority of peripheral Member States in the euro area is mainly due to a recession-driven decrease in import, a monetary wage compression, and below average rates of inflation. This re-equilibrating process thus leads to short-term adjustments, in the sense that it is unable to structurally fill the competitive gaps accumulated inside the euro area during the first decade of its life (1999-2007), owing to the inefficient allocation of the financial flows coming from the European central countries and invested in the European peripheral countries. Contrary to the predictions of the standard macroeconomic models based on the “catching up” mechanism, these financial flows did not adequately foster the productivity of lagged Member States in the euro area. Our proposal is to replace the “invisible hand” of the market with the “visible hand” of a European policy project. We argue that an effective policy initiative would have to combine a programme of European public and private investments with “contractual arrangements” aimed at implementing crucial national reforms. This strategy might provide a short term positive demand shock as well as the long term strengthening of the structural competitiveness of the peripheral Member States without involving direct financial transfers but allowing an intergovernmental co-operation and a trust-building process under the control of the European institutions. Marcello Messori is Professor of Economics at the Department of Political Science, LUISS Guido Carli (Rome) and Director of the LUISS School of European Political Economy (SEP).

How long is In Search of a New Equilibrium?

In Search of a New Equilibrium by Paolo Canofari is 212 pages long, and a total of 53,424 words.

This makes it 72% the length of the average book. It also has 65% more words than the average book.

How Long Does it Take to Read In Search of a New Equilibrium Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 51 minutes to read In Search of a New Equilibrium aloud.

What Reading Level is In Search of a New Equilibrium?

In Search of a New Equilibrium is suitable for students ages 12 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 In Search of a New Equilibrium?

In Search of a New Equilibrium by Paolo Canofari is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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