How Long to Read Monetary Policy and Macroeconomic Stabilization

How Long Does it Take to Read Monetary Policy and Macroeconomic Stabilization?

It takes the average reader 3 hours and 37 minutes to read Monetary Policy and Macroeconomic Stabilization by Ole Bjorn Roste

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

Description

As a fundamental review and critique of activist economic policies, this book is a unique contribution to classical political economy. Monetary Policy and Macroeconomic Stabilization is about macroeconomic stabilization policy, with emphasis on the value of a distinct national monetary policy to growth. Ole Bj�rn R�ste's argument is for public officials to restrain themselves in the pursuit of policy. As the author notes: when you know less, you should do less. The history of modern macroeconomics started in 1936 with the publication of Keynes' General Theory of Employment, Interest, and Money. The problems of the Great Depression of the 1930s paved the way for a change of focus, from the long run to economic fluctuations in the short run, and from nominal to real variables, such as unemployment and aggregate output. Keynes offered clear policy implications in tune with the times. Because economic adjustment was slow, waiting for the economy to recover by itself was irresponsible. Particluarly fiscal policy was essential to return to high employment. Monetary policy could affect aggregate demand through interest rates, but was less important. R�ste discusses the role of monetary policy, starting out with the implications of the theory of optimum currency areas (OCAs). This is followed by estimates of the output loss associated with disinflation policy (the sacrifice ratio) for six OECD economies. Further, R�ste models the dynamic adjustment to negative, local market shocks, with particular relevance to Scandinavia, in a final section. The idea that governments should pursue stabilizing fiscal or monetary policies with regard to real variables is often taken for granted by the public, if not by economists. Among the reasons for skepticism, is the presence of differing views on how economies really work, that the state of a given economy becomes known only after a time lag, and that economic agents react to policy and expectations of policy. For these reasons, the effects of policy are generally uncertain. This book explains why the role of history is critical to the study of macroeconomics.

How long is Monetary Policy and Macroeconomic Stabilization?

Monetary Policy and Macroeconomic Stabilization by Ole Bjorn Roste is 214 pages long, and a total of 54,356 words.

This makes it 72% the length of the average book. It also has 66% more words than the average book.

How Long Does it Take to Read Monetary Policy and Macroeconomic Stabilization Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 57 minutes to read Monetary Policy and Macroeconomic Stabilization aloud.

What Reading Level is Monetary Policy and Macroeconomic Stabilization?

Monetary Policy and Macroeconomic Stabilization is suitable for students ages 12 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 Policy and Macroeconomic Stabilization?

Monetary Policy and Macroeconomic Stabilization by Ole Bjorn Roste 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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