It takes the average reader and 40 minutes to read Terms of Trade Shocks and the Current Account by Mr. Paul Cashin
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the relationship between terms of trade shocks, private saving, and the current account position. The relationship between these variables is theoretically ambiguous: an adverse transitory terms of trade shock can either induce a deterioration or an improvement in the current account, depending on whether the resulting income effects are greater or less than the resulting substitution effects. The substitution effects involve both intertemporally substituting consumption and intratemporally substituting consumption between importables and nontradables. The relative...
Terms of Trade Shocks and the Current Account by Mr. Paul Cashin is 40 pages long, and a total of 10,000 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 54 minutes to read Terms of Trade Shocks and the Current Account aloud.
Terms of Trade Shocks and the Current Account 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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