It takes the average reader and 40 minutes to read Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment by Mr.Salvatore Dell'Erba
Assuming a reading speed of 250 words per minute. Learn more
We study whether multiyear fiscal adjustment plans in 17 OECD countries during 1980-2011 have been associated with market pressure. We find that only a third (34 percent) of the consolidations occurred under market pressure, suggesting that market pressure is important but not the main element associated with consolidation plans. Many adjustments under market pressure were also clustered around external shocks, and entailed larger median fiscal adjustments than other multiyear consolidations. In contrast, we find that virtually all multiyear consolidations aimed at reducing budget deficits occurred with initially weak macro-fiscal fundamentals.
Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment by Mr.Salvatore Dell'Erba 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.
The average oral reading speed is 183 words per minute. This means it takes and 54 minutes to read Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment aloud.
Pressure or Prudence? Tales of Market Pressure and Fiscal Adjustment 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.
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