It takes the average reader and 33 minutes to read Real Exchange Rate Levels, Productivity and Demand Shocks by Menzie David Chinn
Assuming a reading speed of 250 words per minute. Learn more
We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and government spending for 14 OECD countries, using recently developed panel cointegration tests. The results indicate that under certain assumptions it is easier to detect cointegration in panel data than in the available time series; moreover, the rate of reversion to long-run equilibrium is estimated with greater precision. Using the model augmented by oil prices, we find that in 1991 (the last year productivity data are available) there is less overvaluation of the U.S. dollar than that implied by a naive version of purchasing power parity.
Real Exchange Rate Levels, Productivity and Demand Shocks by Menzie David Chinn is 33 pages long, and a total of 8,349 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read Real Exchange Rate Levels, Productivity and Demand Shocks aloud.
Real Exchange Rate Levels, Productivity and Demand Shocks is suitable for students ages 8 and up.
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