It takes the average reader and 28 minutes to read Model-Based Globally-Consistent Risk Assessment by Michal Andrle
Assuming a reading speed of 250 words per minute. Learn more
This paper outlines an approach to assess uncertainty around a forecast baseline as well as the impact of alternative policy rules on macro variability. The approach allows for non-Gaussian shock distributions and non-linear underlying macroeconomic models. Consequently, the resulting distributions for macroeconomic variables can exhibit skewness and fat tails. Several applications are presented that illustrate the practical implementation of the technique including confidence bands around a baseline forecast, the probabilities of global growth falling below a specified threshold, and the impact of alternative fiscal policy reactions functions on macro variability.
Model-Based Globally-Consistent Risk Assessment by Michal Andrle is 28 pages long, and a total of 7,224 words.
This makes it 9% the length of the average book. It also has 9% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read Model-Based Globally-Consistent Risk Assessment aloud.
Model-Based Globally-Consistent Risk Assessment is suitable for students ages 8 and up.
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