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, inflation is higher and the return on money decreases. In equilibrium, no arbitrage amounts to equating the real return of both … inflation and asset returns is in the spirit of research in finance initiated in the early 80's. (Copyright: Elsevier) …
Persistent link: https://www.econbiz.de/10005091038
resilient to external shocks. Enhancing the credibility of the inflation target would provide the monetary authorities with more …. Améliorer la crédibilité de l’objectif d’inflation donnerait aux autorités monétaires plus de latitude pour réagir aux chocs …
Persistent link: https://www.econbiz.de/10008854030
It has been argued that economies with more independent central banks experience lower inflation over time. In this … the inflation rate dynamics. Second, we implement a panel data analysis. …
Persistent link: https://www.econbiz.de/10010735829
preserve the hard-won anchoring of inflation expectations and dissipate any hypothetical fears that central banks? greater risk …
Persistent link: https://www.econbiz.de/10012444285
frameworks that are associated with better anchored inflation expectations and more stable inflation outcomes. Despite this …
Persistent link: https://www.econbiz.de/10012447068
preserve the hard-won anchoring of inflation expectations and dissipate any hypothetical fears that central banks? greater risk …, des anticipations d'inflation et d'éviter une situation hypothétique dans laquelle le public craindrait que la plus grande …
Persistent link: https://www.econbiz.de/10008542499
frameworks that are associated with better anchored inflation expectations and more stable inflation outcomes. Despite this … anticipations d’inflation et une inflation plus stable s’appuient sur un niveau plus élevé de transparence. Malgré une tendance …
Persistent link: https://www.econbiz.de/10008498035
Several recent studies imply that the response of national saving to fiscal policy is non-monotonic. In this paper, we use two data sets to search for the circumstances in which such non-monotonic responses arise: one refers to a sample of OECD countries, as in previous studies, and one to a...
Persistent link: https://www.econbiz.de/10005124252
Central banks have become more independent in many countries. A common rationale has been the existence of a credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social trust and central-bank independence. Our empirical...
Persistent link: https://www.econbiz.de/10011056298
economy may be affected by the present circumstances of low rates of inflation and low nominal interest rates. …
Persistent link: https://www.econbiz.de/10005114302