How Long to Read Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt

How Long Does it Take to Read Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt?

It takes the average reader and 40 minutes to read Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt by Michael T. Gapen

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

Description

This paper highlights the importance of debt composition in setting optimal fiscal and monetary policy over short-run business cycles and in the long run. Nominal debt as state-contingent debt can be a significant policy tool to reduce the volatility of distortionary government policy, thereby reducing macroeconomic volatility while increasing equilibrium output and consumption. The welfare gain from using nominal debt to hedge against shocks to the government budget is as large as the welfare gain from the ability to issue debt.

How long is Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt?

Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt by Michael T. Gapen is 40 pages long, and a total of 10,000 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 54 minutes to read Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt aloud.

What Reading Level is Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt?

Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt 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.

Where Can I Buy Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt?

Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt by Michael T. Gapen 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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