How Long to Read Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences

How Long Does it Take to Read Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences?

It takes the average reader and 49 minutes to read Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences by Mr.Alexander Culiuc

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

Description

The consequences of large depreciations on economic activity depend on the relative strength of the contractionary balance sheet and expansionary expenditure switching effects. However, the two operate over different time horizons: the balance sheet effect hits almost immediately, while expenditure switching is delayed by nominal rigidities and other frictions. The paper hypothesizes that the overshooting phase—observed early in the depreciation episode and driven by the balance sheet effect—is largely irrelevant for expenditure switching, which is more closely aligned with ex-post equilibrium depreciation. Given this, larger real exchange rate overshooting should signal a relatively stronger balance sheet effect. Empirical findings support this hypothesis: (i) overshooting is driven by factors associated with the balance sheet effect (high external debt, low reserves, low trade openness), (ii) overshooting-based measures of the balance sheet effect foreshadow post-depreciation output losses, and (iii) the balance sheet effect is strongest early on, while expenditure switching strengthens over the medium term.

How long is Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences?

Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences by Mr.Alexander Culiuc is 48 pages long, and a total of 12,384 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 7 minutes to read Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences aloud.

What Reading Level is Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences?

Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences 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 Overshooting in Large Depreciations: Determinants and Consequences?

Real Exchange Rate Overshooting in Large Depreciations: Determinants and Consequences by Mr.Alexander Culiuc 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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