How Long to Read Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality

How Long Does it Take to Read Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality?

It takes the average reader 3 hours and 59 minutes to read Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality by Jean-Robert Tyran

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

Description

In principle, money illusion could explain the inertial adjustment of prices after changes of monetary policy. Hence, money illusion could provide an explanation of monetary non-neutrality. However, this explanation has been thoroughly discredited in modern economics. As a consequence, economists have ever since the 1970s searched for alternative explanations for nominal rigidity. These explanations are all based on the assumption of fully rational economic agents, holding rational expectations. This book argues that money illusion has been prematurely dismissed as an explanation of monetary non-neutrality. Methods of experimental economics are used to investigate the real aggregate effects of money illusion. It is shown that money illusion in fact causes (short-run) real income effects if strategic complementarity prevails. Strategic complementarity is an important characteristic of naturally occurring macroeconomies and is a recurrent theme in most models explaining nominal rigidity.

How long is Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality?

Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality by Jean-Robert Tyran is 235 pages long, and a total of 59,925 words.

This makes it 79% the length of the average book. It also has 73% more words than the average book.

How Long Does it Take to Read Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 27 minutes to read Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality aloud.

What Reading Level is Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality?

Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality 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 Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality?

Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality by Jean-Robert Tyran is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality by Jean-Robert Tyran on Amazon click the button below.