It takes the average reader and 20 minutes to read Precautionary Savings and Global Imbalances in World General Equilibrium by Mr.Damiano Sandri
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In this paper we assess the implications of precautionary savings for global imbalances by considering a world economy model composed by the US, the Euro Area, Japan, China, oil-exporting countries, and the rest of the world. These areas are assumed to differ only with respect to GDP volatility which is calibrated based on the 1980-2008 period. The model predicts a wide dispersion in net foreign asset positions, with the highly volatile oil-exporting countries accumulating very large asset holdings. While heterogeneity in GDP volatility may lead to large imbalances in international investment positions, its impact on current accounts is much weaker. This is because countries are expected to move towards their optimal NFA at a very slow pace.
Precautionary Savings and Global Imbalances in World General Equilibrium by Mr.Damiano Sandri is 20 pages long, and a total of 5,000 words.
This makes it 7% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 27 minutes to read Precautionary Savings and Global Imbalances in World General Equilibrium aloud.
Precautionary Savings and Global Imbalances in World General Equilibrium is suitable for students ages 8 and up.
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