How Long to Read Optimal Macroprudential Policy and Asset Price Bubbles

How Long Does it Take to Read Optimal Macroprudential Policy and Asset Price Bubbles?

It takes the average reader and 44 minutes to read Optimal Macroprudential Policy and Asset Price Bubbles by Nina Biljanovska

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

Description

An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time, as the bubble deflates when constraints start binding, it amplifies downturns. We show analytically and quantitatively that the macroprudential policy should optimally respond to building asset price bubbles non-monotonically depending on the underlying level of indebtedness. If the level of debt is moderate, policy should accommodate the bubble to reduce the incidence of a binding collateral constraint. If debt is elevated, policy should lean against the bubble more...

How long is Optimal Macroprudential Policy and Asset Price Bubbles?

Optimal Macroprudential Policy and Asset Price Bubbles by Nina Biljanovska is 44 pages long, and a total of 11,176 words.

This makes it 15% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read Optimal Macroprudential Policy and Asset Price Bubbles Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Optimal Macroprudential Policy and Asset Price Bubbles aloud.

What Reading Level is Optimal Macroprudential Policy and Asset Price Bubbles?

Optimal Macroprudential Policy and Asset Price Bubbles 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 Macroprudential Policy and Asset Price Bubbles?

Optimal Macroprudential Policy and Asset Price Bubbles by Nina Biljanovska 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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