How Long to Read Inequality, Leverage and Crises

How Long Does it Take to Read Inequality, Leverage and Crises?

It takes the average reader and 49 minutes to read Inequality, Leverage and Crises by Mr.Michael Kumhof

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

Description

The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the remainder, and an eventual financial and real crisis. The paper presents a theoretical model where higher leverage and crises arise endogenously in response to a growing income share of high-income households. The model matches the profiles of the income distribution, the debt-to-income ratio and crisis risk for the three decades prior to the Great Recession.

How long is Inequality, Leverage and Crises?

Inequality, Leverage and Crises by Mr.Michael Kumhof is 48 pages long, and a total of 12,384 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Inequality, Leverage and Crises Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 7 minutes to read Inequality, Leverage and Crises aloud.

What Reading Level is Inequality, Leverage and Crises?

Inequality, Leverage and Crises 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 Inequality, Leverage and Crises?

Inequality, Leverage and Crises 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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