How Long to Read Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes

How Long Does it Take to Read Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes?

It takes the average reader and 28 minutes to read Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes by Ramzy Al Amine

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

Description

We find that countries which are able to borrow at spreads that seem low given fundamentals (for example because investors take a bullish view on a country's future), are more likely to develop economic difficulties later on. We obtain this result through a two-stage procedure, where a first regression links sovereign spreads to fundamentals, after which residuals from this regression are deployed in a second stage to assess their impact on future outcomes (real GDP growth and the occurrence of fiscal crises). We confirm the relevance of past sovereign debt mispricing in several out-of-sample exercises, where they reduce the RMSE of real GDP growth forecasts by as much as 15 percent. This provides strong support for theories of sentiment affecting the business cycle. Our findings also suggest that countries shouldn't solely rely on spread levels when determining their fiscal strategy; underlying fundamentals should inform policy as well, since historical relationships between spreads and fundamentals often continue to apply in the medium-to-long run.

How long is Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes?

Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes by Ramzy Al Amine is 28 pages long, and a total of 7,224 words.

This makes it 9% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes aloud.

What Reading Level is Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes?

Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes 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 Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes?

Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes by Ramzy Al Amine 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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