Narrow search
Showing 1 - 10 of 140
Cover Image
Should we be afraid of Friedman's rule?
Uhlig, Harald - EconWPA - 2000
should be common or that a policy close to the Friedman rule and thus some deflation is optimal. Finally, a formal ``baby …
Persistent link: https://www.econbiz.de/10005561156
Cover Image
Wage trends and deflation risks in Germany and Europe
Hein, Eckhard; Schulten, Thorsten; Truger, Achim - EconWPA - 2004
Based on a post-Keynesian model of the relationship between wages, prices and employment, this paper begins by studying the extent to which unit labour cost trends have been responsible for disinflation and deflationary tendencies in Germany and Europe. Thereafter, the reasons for the...
Persistent link: https://www.econbiz.de/10005126362
Cover Image
A new deflation model
Sethia, Dr.Nirmal - EconWPA - 2000
Relationship betwen the change in the hierarchy size in any industrial management and the phenopmenon of deflation is …
Persistent link: https://www.econbiz.de/10005126380
Cover Image
The Ultimate Source of Inflation: A Microfoundation of the Fiscal Theory of the Price Level
Harashima, Taiji - EconWPA - 2004
that explains various types of inflation, e.g. hyperinflation, chronic inflation, disinflation and deflation, by this …
Persistent link: https://www.econbiz.de/10005126462
Cover Image
The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine
Woo, Wing Thye - EconWPA - 2003
disaster in the long run because they would follow an increasingly rent-seeking path that is wasteful as in Japan (e … deflation phenomenon because a chronic trade surplus means that national savings is larger than domestic investments, the result …-oriented sectors. The long-run solution to eradicating the deflation bias and the tendency toward current account surplus lies in …
Persistent link: https://www.econbiz.de/10005062405
Cover Image
Stable price level and changing prices
Suvanto, Antti; Hukkinen, Juhana - EconWPA - 2005
The paper investigates the relationship between relative price movements and changes in the aggregate price level using monthly data on Finland’s Consumer Price Index and its components from the period covering the past eight and a half years. This was a period of very low inflation. The rate...
Persistent link: https://www.econbiz.de/10005412660
Cover Image
Long-Run Cash-Flow and Discount-Rate Risks in the Cross-Section of US Returns
Koubouros, Michail; Malliaropulos, Dimitrios; … - EconWPA - 2005
Merton�s Intertemporal CAPM to test whether these four sources of risk command different risk prices. The model performs well …
Persistent link: https://www.econbiz.de/10005076992
Cover Image
Explaining the Beta, Size and Value Effects Under the Relative Value Theory
Alb, Silviu Iulian - EconWPA - 2004
. Such prices determine intrinsic returns that satisfy the CAPM equation. This paper shows that assets that pay a constant … predicts slightly higher discount rates than the CAPM. Empirical evidence supporting the CAPM cannot reject the RVT at a …
Persistent link: https://www.econbiz.de/10005076993
Cover Image
An Analysis of Hedge Fund Performance
Capocci, Daniel - EconWPA - 2002
Using one of the greatest hedge fund database ever used (2796 hedge funds including 801 dissolved), we investigate hedge funds performance using various asset-pricing models, including an extension form of Carhart's (1997) model combined with Fama & French (1998) Agarwal & Naik (2000) models and...
Persistent link: https://www.econbiz.de/10005134782
Cover Image
EVOLUCION DE LAS ESTRATEGIAS DE INVERSION EN ACCIONES (BORRADOR)
Rubio, Fernando - EconWPA - 2005
desarrollo del CAPM y APT; y, la actual, correspondiente a las anomalias del CAPM, la cual incluye el estudio del behavioural …
Persistent link: https://www.econbiz.de/10005134816