How Long to Read The Costs of Macroprudential Deleveraging in a Liquidity Trap
By Mr.Jiaqian Chen
How Long Does it Take to Read The Costs of Macroprudential Deleveraging in a Liquidity Trap?
It takes the average reader 1 hour and 7 minutes to read The Costs of Macroprudential Deleveraging in a Liquidity Trap by Mr.Jiaqian Chen
Assuming a reading speed of 250 words per minute. Learn more
Description
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term costs, in terms of forgone consumption, of all the macroprudential tools we consider are moderate. Even so, the short-term costs differ dramatically between alternative tools. Specifically, a loan-to-value tightening is more than twice as contractionary compared to loan-to-income tightening when debt is...
How long is The Costs of Macroprudential Deleveraging in a Liquidity Trap?
The Costs of Macroprudential Deleveraging in a Liquidity Trap by Mr.Jiaqian Chen is 66 pages long, and a total of 16,896 words.
This makes it 22% the length of the average book. It also has 21% more words than the average book.
How Long Does it Take to Read The Costs of Macroprudential Deleveraging in a Liquidity Trap Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 32 minutes to read The Costs of Macroprudential Deleveraging in a Liquidity Trap aloud.
What Reading Level is The Costs of Macroprudential Deleveraging in a Liquidity Trap?
The Costs of Macroprudential Deleveraging in a Liquidity Trap 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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