How Long to Read Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments

How Long Does it Take to Read Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments?

It takes the average reader and 31 minutes to read Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments by Mr. Thierry Tressel

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

Description

The paper examines progress with the external rebalancing of euro area deficit countries. Relative prices are adjusting at different pace across countries and with different compositions of wage cuts and labor shedding. There is so far limited evidence of resource re-allocation from non-tradable to tradable sectors, while improved export performance is still dependent on external demand from the rest of world. Current account adjustments have taken place, reflecting structural changes but also cyclical forces, suggesting that part of the improvements may unwind when cyclical conditions improve. Looking ahead, relying only on relative price adjustments (which adversely affects demand) to rebalance the euro area could prove very challenging. Structural reforms will play an important role in the reallocation of resources to the tradable sector and the associated relative price adjustment, while boosting non-price and price competitiveness.

How long is Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments?

Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments by Mr. Thierry Tressel is 31 pages long, and a total of 7,781 words.

This makes it 10% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments aloud.

What Reading Level is Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments?

Rebalancing in the Euro Area and Cyclicality of Current Account Adjustments 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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