How Long to Read Optimal Price Indices for Targeting Inflation Under Incomplete Markets

How Long Does it Take to Read Optimal Price Indices for Targeting Inflation Under Incomplete Markets?

It takes the average reader and 58 minutes to read Optimal Price Indices for Targeting Inflation Under Incomplete Markets by Rahul Anand

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

Description

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We develop a two-sector two-good new-Keynesian model to study the optimal choice of price index in markets with financial frictions. We find that, in the presence of financial frictions, a welfare-maximizing central bank should adopt flexible headline inflation targeting a target for headline CPI inflation with some weight on the output gap. These results are particularly relevant for emerging markets, where the share of food expenditures in total consumption expenditures is high and a large proportion of consumers are credit constrained.

How long is Optimal Price Indices for Targeting Inflation Under Incomplete Markets?

Optimal Price Indices for Targeting Inflation Under Incomplete Markets by Rahul Anand is 57 pages long, and a total of 14,649 words.

This makes it 19% the length of the average book. It also has 18% more words than the average book.

How Long Does it Take to Read Optimal Price Indices for Targeting Inflation Under Incomplete Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 20 minutes to read Optimal Price Indices for Targeting Inflation Under Incomplete Markets aloud.

What Reading Level is Optimal Price Indices for Targeting Inflation Under Incomplete Markets?

Optimal Price Indices for Targeting Inflation Under Incomplete Markets 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 Price Indices for Targeting Inflation Under Incomplete Markets?

Optimal Price Indices for Targeting Inflation Under Incomplete Markets by Rahul Anand 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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