How Long to Read World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy

How Long Does it Take to Read World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy?

It takes the average reader and 49 minutes to read World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy by Mr.Luis Catão

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

Description

How should monetary policy respond to large fluctuations in world food prices? We study this question in an open economy model in which imported food has a larger weight in domestic consumption than abroad and international risk sharing can be imperfect. A key novelty is that the real exchange rate and the terms of trade can move in opposite directions in response to world food price shocks. This exacerbates the policy trade-off between stabilizing output prices vis a vis the real exchange rate, to an extent that depends on risk sharing and the price elasticity of exports. Under perfect risk sharing, targeting the headline CPI welfare-dominates targeting the PPI if the variance of food price shocks is not too small and the export price elasticity is realistically high. In such a case, however, targeting forecast CPI is a superior choice. With incomplete risk sharing, PPI targeting is clearly a winner.

How long is World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy?

World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy by Mr.Luis Catão is 48 pages long, and a total of 12,384 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 7 minutes to read World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy aloud.

What Reading Level is World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy?

World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy 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 World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy?

World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy by Mr.Luis Catão is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy by Mr.Luis Catão on Amazon click the button below.