How Long to Read Leaning Against the Wind and the Timing of Monetary Policy
By Mr.Itai Agur
How Long Does it Take to Read Leaning Against the Wind and the Timing of Monetary Policy?
It takes the average reader and 30 minutes to read Leaning Against the Wind and the Timing of Monetary Policy by Mr.Itai Agur
Assuming a reading speed of 250 words per minute. Learn more
Description
If monetary policy is to aim also at financial stability, how would it change? To analyze this question, this paper develops a general-form framework. Financial stability objectives are shown to make monetary policy more aggressive: in reaction to negative shocks, cuts are deeper but shorter-lived than otherwise. By keeping cuts brief, monetary policy tightens as soon as bank risk appetite heats up. Within this shorter time span, cuts must then be deeper than otherwise to also achieve standard objectives. Finally, we analyze how robust this result is to the presence of a bank regulatory tool, and provide a parameterized example.
How long is Leaning Against the Wind and the Timing of Monetary Policy?
Leaning Against the Wind and the Timing of Monetary Policy by Mr.Itai Agur is 29 pages long, and a total of 7,511 words.
This makes it 10% the length of the average book. It also has 9% more words than the average book.
How Long Does it Take to Read Leaning Against the Wind and the Timing of Monetary Policy Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 41 minutes to read Leaning Against the Wind and the Timing of Monetary Policy aloud.
What Reading Level is Leaning Against the Wind and the Timing of Monetary Policy?
Leaning Against the Wind and the Timing of Monetary Policy 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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