It takes the average reader and 44 minutes to read Moderate Inflation in Poland by Mr.Mark E. L. Griffiths
Assuming a reading speed of 250 words per minute. Learn more
Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price indexation takes root, the inflationary effect of shocks to relative prices is magnified. Third, lagging structural reform, including the failure to extend hard budget constraints to all sectors of the economy, makes monetary policy less effective. Reduced money supply growth with structural reform offers the best prospect for moving to low inflation.
Moderate Inflation in Poland by Mr.Mark E. L. Griffiths is 44 pages long, and a total of 11,176 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Moderate Inflation in Poland aloud.
Moderate Inflation in Poland 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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