How Long to Read Shock Versus Gradualism in Models of Rational Expectations

How Long Does it Take to Read Shock Versus Gradualism in Models of Rational Expectations?

It takes the average reader and 22 minutes to read Shock Versus Gradualism in Models of Rational Expectations by Mr. Leonardo Auernheimer

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

Description

This paper provides a new argument for “shock” versus “gradualism” in the implementation of trade policies. In the simple context of a small open economy with rational expectations, we consider the comparative welfare effects of eliminating an import tariff either immediately as an unanticipated shock, or gradually over a preannounced length of time. The gradualist policy introduces a distortion in consumption-accumulation decisions and generates welfare costs. And if the gradual change is extended over “too long” a period, these costs may exceed the long-run benefits of liberalization.

How long is Shock Versus Gradualism in Models of Rational Expectations?

Shock Versus Gradualism in Models of Rational Expectations by Mr. Leonardo Auernheimer is 22 pages long, and a total of 5,544 words.

This makes it 7% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read Shock Versus Gradualism in Models of Rational Expectations Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read Shock Versus Gradualism in Models of Rational Expectations aloud.

What Reading Level is Shock Versus Gradualism in Models of Rational Expectations?

Shock Versus Gradualism in Models of Rational Expectations 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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