It takes the average reader and 28 minutes to read Monetary Policy and Relative Price Shocks in South Africa and Other Inflation Targeters by Mr. Alfredo Cuevas
Assuming a reading speed of 250 words per minute. Learn more
When faced with a relative price shock, monetary authorities often aim to contain its second round effects on inflation while accepting first round effects. We analyze the experience of South Africa and other inflation targeters to explore whether and when this policy prescription implies changing the monetary policy stance. Inflation targeting central banks differ on how aggressively they typically react to relative price shocks, reflecting differences in resilience of underlying inflation to such shocks. An examination of individual policy decisions reveals the importance of the broader economic context in framing the responses to relative price shocks.
Monetary Policy and Relative Price Shocks in South Africa and Other Inflation Targeters by Mr. Alfredo Cuevas 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 Monetary Policy and Relative Price Shocks in South Africa and Other Inflation Targeters aloud.
Monetary Policy and Relative Price Shocks in South Africa and Other Inflation Targeters 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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