Showing 1 - 10 of 31
these new risks within central banks’ financial stability mandate. However, integrating climate-related risk analysis into … backward-looking risk assessments and existing climate-economic models cannot anticipate accurately enough the form that …
Persistent link: https://www.econbiz.de/10012200152
nominal price level create incentives to raise prices temporarily but doing so comes at the risk of damaging a seller …
Persistent link: https://www.econbiz.de/10010534896
assumption improves the fit of the inflation equation. Third, this assumption is necessary for getting an important reduction of …
Persistent link: https://www.econbiz.de/10009293540
that risk-free higher-return assets are available. As long as this question remains unresolved, most conclusions from … return on assets is determined by incentives eliciting voluntary debt repayment. I show that the inflation rate or, more …, money is used in equilibrium and the optimal inflation rate is positive. …
Persistent link: https://www.econbiz.de/10009320820
This paper explores how different types of financial regulation could combat many of the phenomena that were observed in the financial crisis of 2007 to 2009. The primary contribution is the introduction of a model that includes both a banking system and a “shadow banking system” that each...
Persistent link: https://www.econbiz.de/10010815967
monetary policy in the United States, in particular its interaction with the formation of inflation expectations and the … linkages between monetary policy, inflation expectations and the behaviour of CPI inflation. We use Livingston Survey data for … expected inflation, measured at a bi-annual frequency, actual inflation, unemployment and a nominal interest rate to estimate …
Persistent link: https://www.econbiz.de/10010816004
sales; (iv) price changes related to sales and product replacements are less driven by inflation variations than regular … price changes; (v) the monthly inflation rate is correlated to the frequencies of price decreases and increases. The …
Persistent link: https://www.econbiz.de/10010816022
Estimating a forward-looking monetary policy rule by the Generalized Method of Moments (GMM) has become a popular approach since the influential paper by Clarida, Gali, and Gertler (1998). However, an abundant econometric literature underlines the unappealing small-samples properties of GMM...
Persistent link: https://www.econbiz.de/10005671910
'une faible inflation (2%) a une inflation nulle pour les economies francaise, allemande, britannique, espagnole et americaine …
Persistent link: https://www.econbiz.de/10005781191
The paper develops a model for forecasting inflation in France. As this model has to be integrated in the Eurosystem …
Persistent link: https://www.econbiz.de/10008503203