How Long to Read Macroeconomic imbalances and comparative advantages in the Euro Area

How Long Does it Take to Read Macroeconomic imbalances and comparative advantages in the Euro Area?

It takes the average reader 2 hours and 21 minutes to read Macroeconomic imbalances and comparative advantages in the Euro Area by Stefan Collignon

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

Description

The emergence of macroeconomic imbalances among EU member states is often seen as a major underlying factor of the recent European debt crisis. In order to identify and tackle these imbalances, the European authorities established, in 2011, a new surveillance tool incorporating rules to prevent future imbalances and labelled the Excessive Imbalance Procedure (EIP). Stefan Collignon argues that the premises of the Excessive Imbalance Procedure are in fact wrong, and its implementation therefore misguided, in that they take for granted the policy framework of the nation state whereas the Euro Area economy is, in reality, integrated into a single market with a single currency, such that so-called ‘foreign’ debt is, effectively, debt to other residents in the Euro Area. The author demonstrates, furthermore, that strict adherence to the EIP could, in conjunction with other new economic governance instruments, entail devastating consequences for peripheral countries in the European Union. Following his observation that current indicators used by the Commission fail to provide a correct or accurate assessment of imbalances in the Euro Area, the author devises a new ‘Competitive Index’, calculated as the difference between actual and equilibrium unit labour costs, which he recommends as an alternative and better indicator in the context of the Alert Mechanism Reports to be issued by the European Commission in the future.

How long is Macroeconomic imbalances and comparative advantages in the Euro Area?

Macroeconomic imbalances and comparative advantages in the Euro Area by Stefan Collignon is 141 pages long, and a total of 35,391 words.

This makes it 48% the length of the average book. It also has 43% more words than the average book.

How Long Does it Take to Read Macroeconomic imbalances and comparative advantages in the Euro Area Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours and 13 minutes to read Macroeconomic imbalances and comparative advantages in the Euro Area aloud.

What Reading Level is Macroeconomic imbalances and comparative advantages in the Euro Area?

Macroeconomic imbalances and comparative advantages in the Euro Area is suitable for students ages 10 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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