How Long to Read Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework

How Long Does it Take to Read Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework?

It takes the average reader and 43 minutes to read Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework by Mr.Jaromir Benes

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

Description

We study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analyzing their implications for inflation, output and the exchange rate in the presence of various domestic and external shocks. To this end, we develop an open economy new-Keynesian model featuring sterilized interventions in the foreign exchange (FX) market as an additional central bank instrument operating alongside the Taylor rule, and affecting the economy through portfolio balance sheet effects in the financial sector. We find that there can be advantages to combining IT with some degree of exchange rate management via FX interventions. Unlike "pure" IT or exchange rate management via interest rates, FX interventions can help insulate the economy against certain shocks, especially shocks to international financial conditions. However, managing the exchange rate through FX interventions may also hinder necessary exchange rate adjustments, e.g., in the presence of terms of trade shocks.

How long is Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework?

Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework by Mr.Jaromir Benes is 43 pages long, and a total of 10,879 words.

This makes it 15% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework aloud.

What Reading Level is Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework?

Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework 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 Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework?

Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework by Mr.Jaromir Benes 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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