It takes the average reader and 43 minutes to read The U.S. Dollar and the Trade Deficit by Mr.Benjamin Hunt
Assuming a reading speed of 250 words per minute. Learn more
Based on a version of the IMF’s new Global Economic Model (GEM), calibrated to analyze macroeconomic interdependence between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the tradable sector of the economy may account for real exchange rate and trade balance developments in the United States in the second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of the story. A second shock, a broadly defined “risk premium” shock, and some uncertainty about the persistence of both shocks are needed to match the data more satisfactorily.
The U.S. Dollar and the Trade Deficit by Mr.Benjamin Hunt is 43 pages long, and a total of 10,879 words.
This makes it 15% the length of the average book. It also has 13% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read The U.S. Dollar and the Trade Deficit aloud.
The U.S. Dollar and the Trade Deficit 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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