How Long to Read The Debate Over Stabilization Policy

How Long Does it Take to Read The Debate Over Stabilization Policy?

It takes the average reader 4 hours and 58 minutes to read The Debate Over Stabilization Policy by Franco Modigliani

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

Description

This 1986 book examines some of the main issues that have characterized macroeconomics: the debate between 'monetarists' and 'Keynesians'; the response to demand shocks and supply shocks, by which the monetary authorities control aggregrate nominal income and the use and relevance of the money supply as a target; and the consumption function and the determinants of wealth. It shows that Keynesian stabilization policies succeeded in reducing instability due to demand shocks dramatically, but that no aggregrate demand policy can stabilize both price and employment simultaneously after a supply shock. However, by assigning an overall 'social cost' to (excess) unemployment and (initially) unexpected inflation, an optimism path can be derived. In looking at the consumption function and determinants of wealth the empirical evidence is shown to be most consistent with the life-cycle hypothesis. A concluding section is devoted to the impact on private and national society of the 'social security revolution'.

How long is The Debate Over Stabilization Policy?

The Debate Over Stabilization Policy by Franco Modigliani is 294 pages long, and a total of 74,676 words.

This makes it 99% the length of the average book. It also has 91% more words than the average book.

How Long Does it Take to Read The Debate Over Stabilization Policy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 48 minutes to read The Debate Over Stabilization Policy aloud.

What Reading Level is The Debate Over Stabilization Policy?

The Debate Over Stabilization Policy is suitable for students ages 12 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 Debate Over Stabilization Policy?

The Debate Over Stabilization Policy by Franco Modigliani 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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