How Long to Read Uncertainty and Public Investment Multipliers: The Role of Economic Confidence

How Long Does it Take to Read Uncertainty and Public Investment Multipliers: The Role of Economic Confidence?

It takes the average reader and 34 minutes to read Uncertainty and Public Investment Multipliers: The Role of Economic Confidence by William Gbohoui

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

Description

This paper investigates how macroeconomic uncertainty affects the fiscal multiplier of public investment. In theory, uncertainty can reduce the multiplier if the private sector becomes more cautious and does not respond to the fiscal stimulus. Conversely, it can increase the fiscal multiplier if public investment shocks improve private agents’ expectations about future economic outlook, and lead to larger private spending. Using the disagreement about GDP forecasts as a proxy for uncertainty, we find that unexpected increases in public investment have larger and longer-lasting effects on output, investment, and employment during periods of high uncertainty, with multipliers above 2, and the larger multipliers are not driven by economic slack. Public investment shocks are also found to boost private sector confidence during heightened uncertainty, driving-up expectations about future economic development which in turn magnify private sector response to the initial stimulus.

How long is Uncertainty and Public Investment Multipliers: The Role of Economic Confidence?

Uncertainty and Public Investment Multipliers: The Role of Economic Confidence by William Gbohoui is 34 pages long, and a total of 8,636 words.

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

How Long Does it Take to Read Uncertainty and Public Investment Multipliers: The Role of Economic Confidence Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Uncertainty and Public Investment Multipliers: The Role of Economic Confidence aloud.

What Reading Level is Uncertainty and Public Investment Multipliers: The Role of Economic Confidence?

Uncertainty and Public Investment Multipliers: The Role of Economic Confidence 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 Uncertainty and Public Investment Multipliers: The Role of Economic Confidence?

Uncertainty and Public Investment Multipliers: The Role of Economic Confidence by William Gbohoui is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Uncertainty and Public Investment Multipliers: The Role of Economic Confidence by William Gbohoui on Amazon click the button below.