How Long to Read On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates
By Mr.Bankim Chadha
How Long Does it Take to Read On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates?
It takes the average reader and 22 minutes to read On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates by Mr.Bankim Chadha
Assuming a reading speed of 250 words per minute. Learn more
Description
The random walk property of exchange rates is frequently regarded as carrying strong implications for the kinds of shocks that have driven exchange rates and the models appropriate for analyzing their behavior. This paper conducts stochastic simulations of Dornbusch’s (1976) sticky-price monetary model, calibrated for representative parameter values for the United States. It shows that the model is capable of generating time series for both real and nominal exchange rates that are statistically indistinguishable from random walks when all shocks are nominal.
How long is On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates?
On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates by Mr.Bankim Chadha is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
How Long Does it Take to Read On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates aloud.
What Reading Level is On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates?
On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates 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.
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