How Long to Read The Real Exchange Rate and Growth Revisited

How Long Does it Take to Read The Real Exchange Rate and Growth Revisited?

It takes the average reader and 26 minutes to read The Real Exchange Rate and Growth Revisited by Yanliang Miao

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

Description

There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The "Washington Consensus" (WC) view holds that real exchange rate misalignment implies macroeconomic imbalances that are themselves bad for growth. In contrast, Rodrik (2008) argues that undervaluation relative to purchasing power parity is good for growth because it promotes the otherwise inefficiently small tradable sector. Our main result is that WC and the Rodrik views of the role of misalignment in growth are observationally equivalent for the main growth regressions he reports. There is an identification problem: Determinants of misalignment are also likely to be independent drivers of growth, and these types of growth regressions are hard-pressed to disentangle the different channels. However, we confirm that not only are overvaluations bad but undervaluations are also good for growth, a result squarely consistent with the Rodrik story but one that requires some gymnastics from the WC viewpoint.

How long is The Real Exchange Rate and Growth Revisited?

The Real Exchange Rate and Growth Revisited by Yanliang Miao is 26 pages long, and a total of 6,656 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read The Real Exchange Rate and Growth Revisited Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read The Real Exchange Rate and Growth Revisited aloud.

What Reading Level is The Real Exchange Rate and Growth Revisited?

The Real Exchange Rate and Growth Revisited 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 Real Exchange Rate and Growth Revisited?

The Real Exchange Rate and Growth Revisited by Yanliang Miao 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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