How Long to Read Real Exchange Rate and External Balance

How Long Does it Take to Read Real Exchange Rate and External Balance?

It takes the average reader and 50 minutes to read Real Exchange Rate and External Balance by Mr.JaeBin Ahn

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

Description

This paper contrasts real exchange rate (RER) measures based on different deflators (CPI, GDP deflator, and ULC) and discusses potential implications for the link—or lack thereof—between RER and external balance. We begin by documenting patterns in the evolution of different measures of RERs, and confirm that the choice of deflator plays a significant role in RER movements. A subsequent empirical investigation based on 35 developed and emerging market economies over 1995 to 2014 yields comprehensive and robust evidence that only the RER deflated by ULC exhibits contemporaneous patterns consistent with the expenditure-switching mechanism. We rationalize the empirical findings by introducing a simple model featuring nominal rigidity and trade in intermediate goods as the one in Obstfeld (2001) and Devereux and Engel (2007), which is shown to generate qualitatively identical patterns to empirical findings.

How long is Real Exchange Rate and External Balance?

Real Exchange Rate and External Balance by Mr.JaeBin Ahn is 49 pages long, and a total of 12,691 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Real Exchange Rate and External Balance Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Real Exchange Rate and External Balance aloud.

What Reading Level is Real Exchange Rate and External Balance?

Real Exchange Rate and External Balance 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 Real Exchange Rate and External Balance?

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