How Long to Read Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints

How Long Does it Take to Read Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints?

It takes the average reader and 41 minutes to read Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints by Mr.Michael Kumhof

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

Description

We study the welfare properties of an economy where both monetary and fiscal policy follow simple rules, and where a subset of agents is borrowing constrained. The optimized fiscal rule is far more aggressive than automatic stabilizers, and stabilizes the income of borrowingconstrained agents, rather than output. The optimized monetary rule features super-inertia and a very low coefficient on inflation, which minimizes real wage volatility. The welfare gains of optimizing the fiscal rule are far larger than the welfare gains of optimizing the monetary rule. The preferred fiscal instruments are government spending and transfers targeted to borrowing-constrained agents.

How long is Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints?

Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints by Mr.Michael Kumhof is 41 pages long, and a total of 10,291 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints aloud.

What Reading Level is Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints?

Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints 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 Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints?

Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints by Mr.Michael Kumhof 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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