It takes the average reader and 32 minutes to read Investment in Inflationary Economies by Mr.Eduardo Levy Yeyati
Assuming a reading speed of 250 words per minute. Learn more
The paper presents a model of irreversible investment under uncertainty, where investment takes place whenever a threshold level of marginal returns is reached. The threshold depends positively on price volatility; a change from high to low inflation induces an upward capital stock adjustment. In economies that move in and out of temporary stabilizations, the observed effect is a negative inflation-investment correlation that replicates previous empirical findings, due to purely short-term dynamics. I study how this correlation is affected by the expected duration of each regime. Empirical evidence from ten inflationary economies confirms the predictions of the model.
Investment in Inflationary Economies by Mr.Eduardo Levy Yeyati is 32 pages long, and a total of 8,064 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read Investment in Inflationary Economies aloud.
Investment in Inflationary Economies 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.
Investment in Inflationary Economies by Mr.Eduardo Levy Yeyati is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
To buy Investment in Inflationary Economies by Mr.Eduardo Levy Yeyati on Amazon click the button below.
Buy Investment in Inflationary Economies on Amazon