It takes the average reader and 52 minutes to read Inflation and the Black Market Exchange Rate in a Repressed Market by Ms.Valerie Cerra
Assuming a reading speed of 250 words per minute. Learn more
This paper presents a stylized general equilibrium model of the Venezuelan economy. The model explains how the recent sharp fall in oil revenue combines with foreign exchange rationing to produce a steep rise in inflation. Counterintuitively, a devaluation of the official exchange rate could temporarily reduce inflation. The model also explains how the hyper-depreciation of the black market exchange rate reflects prices in the most distorted goods markets.
Inflation and the Black Market Exchange Rate in a Repressed Market by Ms.Valerie Cerra is 52 pages long, and a total of 13,104 words.
This makes it 18% the length of the average book. It also has 16% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 11 minutes to read Inflation and the Black Market Exchange Rate in a Repressed Market aloud.
Inflation and the Black Market Exchange Rate in a Repressed Market 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.
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