How Long to Read Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment

How Long Does it Take to Read Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment?

It takes the average reader and 50 minutes to read Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment by Carlos Cuerpo

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

Description

"The current crisis revealed the unsustainability of private sector indebtedness levels, fuelled, in the recent past, by a prolonged period of rapid credit expansion in some EU Member States. The deleveraging process that is now taking place, although necessary, stands as a source of concern in terms of its implications for economic activity. Against this background, this paper aims to (i) identify the EU Member States that are currently facing deleveraging pressures in the non-financial private sector, making use of the informational content of various indebtedness indicators; (ii) assess quantitatively those pressures, using both a threshold approach, which compares the current level of households and non-financial corporations' debt with a static benchmark, and a stationarity approach, which goes a step further by taking into account valuation effects and the possibility of a time-varying "sustainable" level of indebtedness; (iii) refine the link between the identified deleveraging pressures and the actual adjustment of indebtedness through an analysis of the credit supply and demand conditions in each Member State; (iv) simulate the impact of a households' sector deleveraging shock using a dynamic stochastic general equilibrium model and assess the transmission mechanism through which such a shock influences the economic activity. Some policy implications are also discussed in the concluding section."--Document home page.

How long is Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment?

Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment by Carlos Cuerpo is 49 pages long, and a total of 12,691 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment aloud.

What Reading Level is Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment?

Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment 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 Indebtedness, Deleveraging Dynamics and Macroeconomic Adjustment?

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