It takes the average reader and 45 minutes to read Stochastic Trends, Debt Sustainability and Fiscal Policy by Karim Barhoumi
Assuming a reading speed of 250 words per minute. Learn more
We study empirically the reaction of fiscal policy to changes in the permanent and transitory components of GDP in a panel of countries. We find evidence that government spending tends to be counter-cyclical conditional on temporary shocks and pro-cyclical conditional on permanent shocks. We also find no evidence that developing countries are systematically different from developed ones in terms of fiscal policy. We present a theory featuring a fiscal reaction function to the output gap and a measure of debt sustainability. The fiscal impulse response to a permanent (temporary) shock to GDP...
Stochastic Trends, Debt Sustainability and Fiscal Policy by Karim Barhoumi is 45 pages long, and a total of 11,475 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 2 minutes to read Stochastic Trends, Debt Sustainability and Fiscal Policy aloud.
Stochastic Trends, Debt Sustainability and Fiscal Policy 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.
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