How Long to Read “Monetary and Fiscal Rules in an Emerging Small Open Economy”

How Long Does it Take to Read “Monetary and Fiscal Rules in an Emerging Small Open Economy”?

It takes the average reader 1 hour and 20 minutes to read “Monetary and Fiscal Rules in an Emerging Small Open Economy” by Nicoletta Batini

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

Description

We develop a optimal rules-based interpretation of the 'three pillars macroeconomic policy framework': a combination of a freely floating exchange rate, an explicit target for inflation, and a mechanism than ensures a stable government debt-GDP ratio around a specified long run. We show how such monetary-fiscal rules need to be adjusted to accommodate specific features of emerging market economies. The model takes the form of two-blocs, a DSGE emerging small open economy interacting with the rest of the world and features, in particular, financial frictions It is calibrated using Chile and US data. Alongside the optimal Ramsey policy benchmark, we model the three pillars as simple monetary and fiscal rules including and both domestic and CPI inflation targeting interest rate rules alongside a 'Structural Surplus Fiscal Rule' as followed recently in Chile. A comparison with a fixed exchange rate regime is made. We find that domestic inflation targeting is superior to partially or implicitly (through a CPI inflation target) or fully attempting to stabilizing the exchange rate. Financial frictions require fiscal policy to play a bigger role and lead to an increase in the costs associated with simple rules as opposed to the fully optimal policy.

How long is “Monetary and Fiscal Rules in an Emerging Small Open Economy”?

“Monetary and Fiscal Rules in an Emerging Small Open Economy” by Nicoletta Batini is 80 pages long, and a total of 20,000 words.

This makes it 27% the length of the average book. It also has 24% more words than the average book.

How Long Does it Take to Read “Monetary and Fiscal Rules in an Emerging Small Open Economy” Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 49 minutes to read “Monetary and Fiscal Rules in an Emerging Small Open Economy” aloud.

What Reading Level is “Monetary and Fiscal Rules in an Emerging Small Open Economy”?

“Monetary and Fiscal Rules in an Emerging Small Open Economy” 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.

Where Can I Buy “Monetary and Fiscal Rules in an Emerging Small Open Economy”?

“Monetary and Fiscal Rules in an Emerging Small Open Economy” by Nicoletta Batini 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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