How Long to Read It’s Never Different: Fiscal Policy Shocks and Inflation

How Long Does it Take to Read It’s Never Different: Fiscal Policy Shocks and Inflation?

It takes the average reader and 38 minutes to read It’s Never Different: Fiscal Policy Shocks and Inflation by Mr. Serhan Cevik

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

Description

This paper investigates the impact of fiscal shocks on inflation, using a large panel of 139 countries over the period 1970–2021. First, both headline and core measures of inflation increase in response to expansionary shifts in the fiscal policy stance. Second, we split the sample and observe an intriguing pattern that fiscal policy shocks are primarily significant in developing countries. Third, the inflationary impact of fiscal policy shocks is dependent on fiscal space and economic conditions, as well as monetary policy type, exchange rate regimes and fiscal rules, at the time of the shock. We confirm these results by using the narrative approach and forecast errors, as well as cyclically- adjusted data on government revenues and non-interest expenditures, to identify exogenous changes in fiscal policy. The analysis has several important policy implications: (i) fiscal policy is a critical anchor of macroeconomic stability; (ii) fiscal policy should be used with care in aggregate demand management as it has significant effects on inflation, which are highly dependent on fiscal space and economic conditions; and (iii) flexible exchange rates and rule-based policymaking provide greater resilience to inflationary shocks.

How long is It’s Never Different: Fiscal Policy Shocks and Inflation?

It’s Never Different: Fiscal Policy Shocks and Inflation by Mr. Serhan Cevik is 37 pages long, and a total of 9,509 words.

This makes it 12% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read It’s Never Different: Fiscal Policy Shocks and Inflation Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read It’s Never Different: Fiscal Policy Shocks and Inflation aloud.

What Reading Level is It’s Never Different: Fiscal Policy Shocks and Inflation?

It’s Never Different: Fiscal Policy Shocks and Inflation 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 It’s Never Different: Fiscal Policy Shocks and Inflation?

It’s Never Different: Fiscal Policy Shocks and Inflation by Mr. Serhan Cevik 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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