How Long to Read The Two Monetary Approaches to the Balance of Payments

How Long Does it Take to Read The Two Monetary Approaches to the Balance of Payments?

It takes the average reader to read The Two Monetary Approaches to the Balance of Payments by J. J. Polak

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Description

This paper emphasizes the distinction between two ‘monetary approaches to the balance of payments’, one developed in the IMF, the other under the leadership of Harry Johnson in Chicago. The IMF approach is presented as an evolutionary development of the Kahn/Keynes multiplier model in an open economy. Johnson’s approach is anti-Keynesian and self-proclaimed revolutionary. It posits the ‘essentially monetary character’ of the balance of payments. The IMF model tests satisfactorily as an explanation of income and imports over time. The long-run equilibrium approach of the Chicago model precludes statistical testing, and its short-run tests prove statistically meaningless.

How long is The Two Monetary Approaches to the Balance of Payments?

The Two Monetary Approaches to the Balance of Payments by J. J. Polak is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read The Two Monetary Approaches to the Balance of Payments Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read The Two Monetary Approaches to the Balance of Payments aloud.

What Reading Level is The Two Monetary Approaches to the Balance of Payments?

The Two Monetary Approaches to the Balance of Payments is suitable for students ages 2 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.

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