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risk management can help to alleviate the reorganization and coordination problems related to the implementation of the … in risk prices. We also argue that financial risk management allows a firm to maintain its value in the presence of … cashflow-at-risk or value-at-risk constraints. …
Persistent link: https://www.econbiz.de/10008617033
This paper develops and estimates a game-theoretical model of inflation targeting where the central banker …
Persistent link: https://www.econbiz.de/10005346002
We propose methods for testing hypotheses of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...
Persistent link: https://www.econbiz.de/10005353062
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This paper studies the proposition that an inflation bias can arise in a setup where a central banker with asymmetric …
Persistent link: https://www.econbiz.de/10005729525
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of long-term interest rates and inflation when the latter is subject to a targeting policy by the Central Bank. …
Persistent link: https://www.econbiz.de/10005729629
Persistent link: https://www.econbiz.de/10005133056