How Long to Read Medium-Term Fiscal Multipliers during Protracted Recessions
By Mr.Salvatore Dell'Erba
How Long Does it Take to Read Medium-Term Fiscal Multipliers during Protracted Recessions?
It takes the average reader and 42 minutes to read Medium-Term Fiscal Multipliers during Protracted Recessions by Mr.Salvatore Dell'Erba
Assuming a reading speed of 250 words per minute. Learn more
Description
The paper examines the consequences of fiscal consolidation in times of persistently low growth and high unemployment by estimating medium-term fiscal multipliers during protracted recessions (PR) in a sample of 17 OECD countries. Based on Jorda’s (2005) local projection methodology, we find that cumulative fiscal multipliers related to output, employment and unemployment at five-year horizons are significantly above one during PR episodes. These results suggest that medium-term fiscal consolidation plans to reduce public debt burdens should proceed gradually if economic activity remains below trend for a prolonged period.
How long is Medium-Term Fiscal Multipliers during Protracted Recessions?
Medium-Term Fiscal Multipliers during Protracted Recessions by Mr.Salvatore Dell'Erba is 42 pages long, and a total of 10,584 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 Medium-Term Fiscal Multipliers during Protracted Recessions Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Medium-Term Fiscal Multipliers during Protracted Recessions aloud.
What Reading Level is Medium-Term Fiscal Multipliers during Protracted Recessions?
Medium-Term Fiscal Multipliers during Protracted Recessions 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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