How Long to Read Wage Indexation and Macroeconomic Stability

How Long Does it Take to Read Wage Indexation and Macroeconomic Stability?

It takes the average reader and 24 minutes to read Wage Indexation and Macroeconomic Stability by Mr.Esteban Jadresic

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

Description

Since the seminal papers by Gray (1976) and Fischer (1977) were published, the major theorem of the wage indexation literature has been that indexing wages stabilizes output when shocks are nominal and destabilizes output when shocks are real. This paper reexamines the validity of this proposition taking into account the lags in actual indexation practices in an economy similar to that originally considered by those authors. It shows that in such a setup, wage contracts indexed to lagged inflation tend to destabilize output regardless of whether shocks are nominal or real.

How long is Wage Indexation and Macroeconomic Stability?

Wage Indexation and Macroeconomic Stability by Mr.Esteban Jadresic is 24 pages long, and a total of 6,096 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read Wage Indexation and Macroeconomic Stability Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read Wage Indexation and Macroeconomic Stability aloud.

What Reading Level is Wage Indexation and Macroeconomic Stability?

Wage Indexation and Macroeconomic Stability 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 Wage Indexation and Macroeconomic Stability?

Wage Indexation and Macroeconomic Stability by Mr.Esteban Jadresic is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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