How Long to Read What Happens if Central Banks Misdiagnose a Slowdown in Potential Output
By Mr.Bas B. Bakker
How Long Does it Take to Read What Happens if Central Banks Misdiagnose a Slowdown in Potential Output?
It takes the average reader and 41 minutes to read What Happens if Central Banks Misdiagnose a Slowdown in Potential Output by Mr.Bas B. Bakker
Assuming a reading speed of 250 words per minute. Learn more
Description
In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We analyze what happens if central banks mistakenly diagnose the problem as insufficient demand, when it is actually a supply problem. We do this in a real model, in which inflation is not an issue. We show that aggressive central bank action may revive gross investment, but it will not revive net investment or growth. Moreover, low interest rates will lead to an increase in the capital output ratio, a low return on capital and high leverage. We show that these forecasts are in line with what has happened in major advanced countries.
How long is What Happens if Central Banks Misdiagnose a Slowdown in Potential Output?
What Happens if Central Banks Misdiagnose a Slowdown in Potential Output by Mr.Bas B. Bakker is 41 pages long, and a total of 10,291 words.
This makes it 14% the length of the average book. It also has 13% more words than the average book.
How Long Does it Take to Read What Happens if Central Banks Misdiagnose a Slowdown in Potential Output Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read What Happens if Central Banks Misdiagnose a Slowdown in Potential Output aloud.
What Reading Level is What Happens if Central Banks Misdiagnose a Slowdown in Potential Output?
What Happens if Central Banks Misdiagnose a Slowdown in Potential Output 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 What Happens if Central Banks Misdiagnose a Slowdown in Potential Output?
What Happens if Central Banks Misdiagnose a Slowdown in Potential Output by Mr.Bas B. Bakker 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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