How Long to Read Weather Shocks and Exchange Rate Flexibility

How Long Does it Take to Read Weather Shocks and Exchange Rate Flexibility?

It takes the average reader and 39 minutes to read Weather Shocks and Exchange Rate Flexibility by Selim Elekdag

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

Description

This paper assesses the stabilization properties of fixed versus flexible exchange rate regimes and aims to answer this research question: Does greater exchange rate flexibility help an economy’s adjustment to weather shocks? To address this question, the impact of weather shocks on real per capita GDP growth is quantified under the two alternative exchange rate regimes. We find that although weather shocks are generally detrimental to per capita income growth, the impact is less severe under flexible exchange rate regimes. Moreover, the medium-term adverse growth impact of a 1 degree Celsius increase in temperature under a pegged regime is about –1.4 percentage points on average, while under a flexible regime, the impact is less than one half that amount (–0.6 percentage point). This finding bolsters the idea that exchange rate flexibility not only helps mitigate the initial impact of the shock but also promotes a faster recovery. In terms of mechanisms, our findings suggest that the depreciation of the nominal exchange rate under a flexible regime supports real export growth. In contrast to standard theoretical predictions, we find that countercyclical fiscal policy may not be effective under pegged regimes amid high debt, highlighting the importance of the policy mix and precautionary (fiscal) buffers.

How long is Weather Shocks and Exchange Rate Flexibility?

Weather Shocks and Exchange Rate Flexibility by Selim Elekdag is 38 pages long, and a total of 9,804 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Weather Shocks and Exchange Rate Flexibility Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 53 minutes to read Weather Shocks and Exchange Rate Flexibility aloud.

What Reading Level is Weather Shocks and Exchange Rate Flexibility?

Weather Shocks and Exchange Rate Flexibility 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 Weather Shocks and Exchange Rate Flexibility?

Weather Shocks and Exchange Rate Flexibility by Selim Elekdag 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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