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Equity Returns and Inflation: The Puzzlingly Long Lags

Lothian, James R.; McCarthy, Cornelia H.. - EconWPA - 2001

equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …

Persistent link: https://www.econbiz.de/10005124935

Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

Hayo, Bernd; Shin, Doh - EconWPA - 2002

This paper addresses an aspect of the financial crisis in South Korea that has not been dealt with in depth. The question that will be analyzed is: how does the general population perceive the crisis? In attempting to answer this question we rely on new representative survey data, covering the...

Persistent link: https://www.econbiz.de/10005407644

CLAVES DE LA INFLACION DE 2005

Marongiu, Federico - EconWPA - 2005

El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...

Persistent link: https://www.econbiz.de/10005076625

Exchange Rate Regimes and Nominal Convergence in the CEECs

Järvinen, Marketta - EconWPA - 2002

This paper examines, in the context of future EMU membership of the Central and Eastern European countiries (CEECs), the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL)....

Persistent link: https://www.econbiz.de/10005076688

Is corporatism feasible?

Acocella, Nicola; Bartolomeo, Giovanni Di - EconWPA - 2003

In this paper we consider a standard policy game between the Government and a union. In such a framework, we first investigate the effects of corporatism on macroeconomic performance vis-à-vis different kinds of non-co-operative equilibria. Afterwards, we introduce in the literature the issue...

Persistent link: https://www.econbiz.de/10005076716

INFLATION AND PRICE DISPERSION IN EQUITY MARKETS AND IN GOODS AND SERVICES MARKETS

Popper, David Parsley Helen - EconWPA - 2002

An empirical link between inflation and price dispersion has been well established in goods and services markets – both …. Specifically, we examine the link between inflation and price dispersion in an empirical setting patently lacking the market … inflation-dispersion link in goods and services markets with a matched panel of equity market prices. Surprisingly, we find that …

Persistent link: https://www.econbiz.de/10005076784

Who Controls the Price Level?

Erdogdu, Oya S. - EconWPA - 2003

Under the guidance of different theories and the problem of dominance and activeness, this study gives a survey of the rapidly growing literature on Fiscal Theory of Price Level, which opens up new horizons in a non–Ricardian world and questions the effectiveness of monetary policy on price...

Persistent link: https://www.econbiz.de/10005076798

Staggered prices and trend inflation: some nuisances

Ascari, Guido - EconWPA - 2004

Most of the papers in the sticky-price literature are based on a log- linearization around the zero inflation steady … state, a simplifying but counterfactual assumption. This paper shows that when trend inflation is considered, both the long … results obtained by models log-linearized around a zero inflation steady state are quite misleading. Furthermore, the same is …

Persistent link: https://www.econbiz.de/10005076806

Canaries and Vultures: A Quantitative History of Monetary Mismanagement in Brazil

Albuquerque, Pedro H.; Gouvea, Solange - EconWPA - 2005

During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during those episodes. The consistency between the money...

Persistent link: https://www.econbiz.de/10005124863

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