It takes the average reader and 18 minutes to read Suppressed Inflation and Money Demand in Zimbabwe by Sònia Muñoz
Assuming a reading speed of 250 words per minute. Learn more
The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation closely tracking the growth rates of monetary aggregates in the past. Possible explanations for the divergence include an unstable demand for money, a sudden shift in the underlying demand for real balances due to a sharp change in an explanatory variable, and a structural break or aberration in a normally stable money demand relation reflecting some unexplained factor such as repressed inflation (given administered prices) or measurement errors in the consumer price index. The results of the study point to the last possibility as the most likely explanation.
Suppressed Inflation and Money Demand in Zimbabwe by Sònia Muñoz is 18 pages long, and a total of 4,644 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 25 minutes to read Suppressed Inflation and Money Demand in Zimbabwe aloud.
Suppressed Inflation and Money Demand in Zimbabwe is suitable for students ages 6 and up.
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