It takes the average reader and 39 minutes to read Some Implications for Monetary Policy of Uncertain Exchange Rate Pass-Through by Mr.Benjamin Hunt
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The paper uses MULTIMOD to examine the implications of uncertain exchange rate pass-through for the conduct of monetary policy. From the policymaker's perspective, uncertainty about exchange rate pass-through implies uncertainty about policy multipliers and the impact of state variables on stabilization objectives. When faced with uncertainty about the strength of exchange rate pass-through, policymakers will make less costly errors by overestimating the strength of pass-through rather than underestimating it. The analysis suggests that pass-through uncertainty of the magnitude considered...
Some Implications for Monetary Policy of Uncertain Exchange Rate Pass-Through by Mr.Benjamin Hunt is 38 pages long, and a total of 9,804 words.
This makes it 13% the length of the average book. It also has 12% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 53 minutes to read Some Implications for Monetary Policy of Uncertain Exchange Rate Pass-Through aloud.
Some Implications for Monetary Policy of Uncertain Exchange Rate Pass-Through is suitable for students ages 8 and up.
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