How Long to Read Systemic Risks and the Macroeconomy

How Long Does it Take to Read Systemic Risks and the Macroeconomy?

It takes the average reader and 43 minutes to read Systemic Risks and the Macroeconomy by Marcella Lucchetta

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

Description

This paper presents a modeling framework that delivers joint forecasts of indicators of systemic real risk and systemic financial risk, as well as stress-tests of these indicators as impulse responses to structural shocks identified by standard macroeconomic and banking theory. This framework is implemented using large sets of quarterly time series of indicators of financial and real activity for the G-7 economies for the 1980Q1-2009Q3 period. We obtain two main results. First, there is evidence of out-of sample forecasting power for tail risk realizations of real activity for several countries, suggesting the usefulness of the model as a risk monitoring tool. Second, in all countries aggregate demand shocks are the main drivers of the real cycle, and bank credit demand shocks are the main drivers of the bank lending cycle. These results challenge the common wisdom that constraints in the aggregate supply of credit have been a key driver of the sharp downturn in real activity experienced by the G-7 economies in 2008Q4- 2009Q1.

How long is Systemic Risks and the Macroeconomy?

Systemic Risks and the Macroeconomy by Marcella Lucchetta is 43 pages long, and a total of 10,879 words.

This makes it 15% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Systemic Risks and the Macroeconomy Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Systemic Risks and the Macroeconomy aloud.

What Reading Level is Systemic Risks and the Macroeconomy?

Systemic Risks and the Macroeconomy 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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