How Long to Read The Chicago Plan Revisited

How Long Does it Take to Read The Chicago Plan Revisited?

It takes the average reader 1 hour and 11 minutes to read The Chicago Plan Revisited by Mr.Jaromir Benes

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

Description

At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

How long is The Chicago Plan Revisited?

The Chicago Plan Revisited by Mr.Jaromir Benes is 71 pages long, and a total of 17,821 words.

This makes it 24% the length of the average book. It also has 22% more words than the average book.

How Long Does it Take to Read The Chicago Plan Revisited Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 37 minutes to read The Chicago Plan Revisited aloud.

What Reading Level is The Chicago Plan Revisited?

The Chicago Plan Revisited 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.

Where Can I Buy The Chicago Plan Revisited?

The Chicago Plan Revisited by Mr.Jaromir Benes is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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