How Long to Read The Fiscal Theory of the Price Level

How Long Does it Take to Read The Fiscal Theory of the Price Level?

It takes the average reader 9 hours and 53 minutes to read The Fiscal Theory of the Price Level by John H. Cochrane

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

Description

"Inflation, in which all prices and wages in an economy rise, is mysterious. If a war breaks out in the Middle East, and the price of oil goes up, the mechanism is no great mystery-supply and demand often work pretty visibly. But if you ask the grocer why the price of bread is higher, he or she will blame the wholesaler, who will blame the baker, who will blame the wheat supplier, and so on. Perhaps the ultimate cause is a government printing more money, but there is really no way to know this for certain but to sit down in an office with statistics, armed with some decent economic theory. But current economic theory doesn't really explain why we haven't seen inflation for so long, and more and more economists think that current theory doesn't hold together, or provide much guidance for how central banks should behave if inflation does break out. Many also worry that central banks have much less power over the economy than they think they do, and much less understanding of the mechanism behind what power they do have. The Fiscal Theory of the Price Level is a comprehensive new approach to monetary policy. Economist John Cochrane argues that money has value because the government accepts it for tax payments. This insight, he argues, leads to a deep re-reading of monetary policy and institutions. Inflation comes when a government is unable to repay its debts, rather than from mismanagement of the split of debt between money and bonds. In the book, he will analyze institutional design, historical episodes, and compare fiscal theory to the Keynesian and new-Keynesian theory based on interest rate targets, and to monetarism. The book offers an overview and introduction to the range of contemporary monetary economics and history of thought as well as the fiscal theory"--

How long is The Fiscal Theory of the Price Level?

The Fiscal Theory of the Price Level by John H. Cochrane is 584 pages long, and a total of 148,336 words.

This makes it 197% the length of the average book. It also has 181% more words than the average book.

How Long Does it Take to Read The Fiscal Theory of the Price Level Aloud?

The average oral reading speed is 183 words per minute. This means it takes 13 hours and 30 minutes to read The Fiscal Theory of the Price Level aloud.

What Reading Level is The Fiscal Theory of the Price Level?

The Fiscal Theory of the Price Level 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 Fiscal Theory of the Price Level?

The Fiscal Theory of the Price Level by John H. Cochrane 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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