How Long to Read Income Inequality and Current Account Imbalances

How Long Does it Take to Read Income Inequality and Current Account Imbalances?

It takes the average reader and 44 minutes to read Income Inequality and Current Account Imbalances by Mr.Michael Kumhof

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

Description

This paper studies the empirical and theoretical link between increases in income inequality and increases in current account deficits. Cross-sectional econometric evidence shows that higher top income shares, and also financial liberalization, which is a common policy response to increases in income inequality, are associated with substantially larger external deficits. To study this mechanism we develop a DSGE model that features workers whose income share declines at the expense of investors. Loans to workers from domestic and foreign investors support aggregate demand and result in current account deficits. Financial liberalization helps workers smooth consumption, but at the cost of higher household debt and larger current account deficits. In emerging markets, workers cannot borrow from investors, who instead deploy their surplus funds abroad, leading to current account surpluses instead of deficits.

How long is Income Inequality and Current Account Imbalances?

Income Inequality and Current Account Imbalances by Mr.Michael Kumhof is 44 pages long, and a total of 11,176 words.

This makes it 15% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read Income Inequality and Current Account Imbalances Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Income Inequality and Current Account Imbalances aloud.

What Reading Level is Income Inequality and Current Account Imbalances?

Income Inequality and Current Account Imbalances 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 Income Inequality and Current Account Imbalances?

Income Inequality and Current Account Imbalances by Mr.Michael Kumhof 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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