It takes the average reader 1 hour and 40 minutes to read The Role of Monetary Policy in Israel's 1985 Stabilization Effort by International Monetary Fund
Assuming a reading speed of 250 words per minute. Learn more
Comparing the performances of the Austral, Cruzado and Sheqel programs shows that the latent suggestion that a “heterodox” stabilization program can be implemented without tight fiscal discipline to support a restrictive monetary policy, though welcome in the politicial arena, is unwarranted. Freezes, pegs and controls alone are bound to lead to dismal failure. A highly restrictive monetary policy sustained by a tight fiscal policy persisting for a lengthy interval (in terms of the political horizon), supported by a stable exchange rate as a highly visible nominal anchor and by a temporary but significant erosion of real wages, have succeeded to contain a runaway inflation in Israel.
The Role of Monetary Policy in Israel's 1985 Stabilization Effort by International Monetary Fund is 100 pages long, and a total of 25,000 words.
This makes it 34% the length of the average book. It also has 31% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 2 hours and 16 minutes to read The Role of Monetary Policy in Israel's 1985 Stabilization Effort aloud.
The Role of Monetary Policy in Israel's 1985 Stabilization Effort is suitable for students ages 10 and up.
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