How Long to Read Time-Varying Neutral Interest Rate—The Case of Brazil

How Long Does it Take to Read Time-Varying Neutral Interest Rate—The Case of Brazil?

It takes the average reader and 32 minutes to read Time-Varying Neutral Interest Rate—The Case of Brazil by Mr. Roberto Perrelli

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

Description

Emerging markets have experienced a sizeable decline in their neutral real interest rates until recently. In this paper we try to identify the main factors that contributed to it, with a focus on Brazil. We estimate an interval for Brazil’s time-varying neutral rate based on a range of structural and econometric models. We assess the implications of incorrectly estimating a time-varying neutral rate using a small structural model with a simple monetary policy instrument rule. We find that policy prescriptions are very different when facing uncertainty of neutral rate and of output gap. Our result contrasts sharply with Orphanides (2002), suggesting that the best response to neutral rate uncertainty is to ensure policy remains highly sensitive to inflation and output variations.

How long is Time-Varying Neutral Interest Rate—The Case of Brazil?

Time-Varying Neutral Interest Rate—The Case of Brazil by Mr. Roberto Perrelli is 32 pages long, and a total of 8,064 words.

This makes it 11% the length of the average book. It also has 10% more words than the average book.

How Long Does it Take to Read Time-Varying Neutral Interest Rate—The Case of Brazil Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read Time-Varying Neutral Interest Rate—The Case of Brazil aloud.

What Reading Level is Time-Varying Neutral Interest Rate—The Case of Brazil?

Time-Varying Neutral Interest Rate—The Case of Brazil 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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