How Long to Read The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma

How Long Does it Take to Read The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma?

It takes the average reader and 47 minutes to read The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma by Paolo Cavallino

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

Description

We provide a theory of the limits to monetary policy independence in open economies arising from the interaction between capital flows and domestic collateral constraints. The key feature of our theory is the existence of an “Expansionary Lower Bound” (ELB), defined as an interest rate threshold below which monetary easing becomes contractionary. The ELB can be positive, thus acting as a more stringent constraint than the Zero Lower Bound. Furthermore, the ELB is affected by global monetary and financial conditions, leading to novel international spillovers and crucial departures from Mundell’s trilemma. We present two models under which the ELB may arise, the first featuring carry-trade capital flows and the second highlighting the role of currency mismatches.

How long is The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma?

The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma by Paolo Cavallino is 46 pages long, and a total of 11,776 words.

This makes it 16% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 4 minutes to read The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma aloud.

What Reading Level is The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma?

The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma 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 Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma?

The Expansionary Lower Bound: Contractionary Monetary Easing and the Trilemma by Paolo Cavallino 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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