It takes the average reader and 34 minutes to read Reconciling Stability and Growth by Mr.Roel M. W. J. Beetsma
Assuming a reading speed of 250 words per minute. Learn more
This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability. The welfare gains brought about by a pact depend on a trade-off between the reduction in the deficit bias and the induced reduction in the amount of structural reform. A pact becomes more attractive (“smarter”) if it takes into account the fiscal impact of structural reforms, in line with a recent proposal by the European Commission.
Reconciling Stability and Growth by Mr.Roel M. W. J. Beetsma is 34 pages long, and a total of 8,636 words.
This makes it 11% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Reconciling Stability and Growth aloud.
Reconciling Stability and Growth 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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