How Long to Read Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel

How Long Does it Take to Read Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel?

It takes the average reader and 24 minutes to read Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel by Jonas Dovern

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

Description

We study forecasts for real GDP growth using a large panel of individual forecasts from 36 advanced and emerging economies during 1989–2010. We show that the degree of information rigidity in average forecasts is substantially higher than that in individual forecasts. Individual level forecasts are updated quite frequently, a behavior more in line “noisy” information models (Woodford, 2002; Sims, 2003) than with the assumptions of the sticky information model (Mankiw and Reis, 2002). While there are cross-country variations in information rigidity, there is no systematic difference between advanced and emerging economies.

How long is Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel?

Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel by Jonas Dovern is 24 pages long, and a total of 6,096 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel aloud.

What Reading Level is Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel?

Information Rigidities: Comparing Average and Individual Forecasts for a Large International Panel 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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