It takes the average reader and 54 minutes to read The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade by Mr.Enrique G. Mendoza
Assuming a reading speed of 250 words per minute. Learn more
A dynamic stochastic equilibrium model of a small open economy is used to quantify the macroeconomic effects of introducing capital controls to stabilize the balance of trade. This model focuses on the role of international trade and foreign debt as instruments that help smooth consumption in response to productivity or terms-of-trade disturbances. The model rationalizes some key empirical regularities that characterize business fluctuations and the dynamics of savings and investment in post-war Canada. The results show that capital controls have small effects on both the basic characteristics of macroeconomic fluctuations and the level of welfare. A fiscal strategy that successfully enforces capital controls by introducing taxes on foreign interest income is also studied in some detail.
The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade by Mr.Enrique G. Mendoza is 54 pages long, and a total of 13,716 words.
This makes it 18% the length of the average book. It also has 17% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 14 minutes to read The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade aloud.
The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade 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.
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