It takes the average reader 1 hour and 28 minutes to read The Benefits of Low Inflation by Brian O'Reilly
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This paper surveys the empirical literature on the benefits of low inflation, emphasizing contributions since 1990. It follows a framework that examines the costs of inflation, or the benefits of price stability, in the context of four themes: inflation creates uncertainty about the future; there are costs of having to cope with inflation; inflation affects equity and fairness; and living with inflation is no answer. The section on each theme begins with a brief summary of points raised in the Bank of Canada's 1990 annual report, where that framework was presented. The empirical literature is reviewed extensively enough to establish a context. This is followed by discussion of those benefits of low inflation that have been quantified in the literature and those that have not; how the literature on the issue has advanced since 1990; and what areas might benefit from more research in the future.
The Benefits of Low Inflation by Brian O'Reilly is 86 pages long, and a total of 22,016 words.
This makes it 29% the length of the average book. It also has 27% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 2 hours to read The Benefits of Low Inflation aloud.
The Benefits of Low Inflation is suitable for students ages 10 and up.
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