It is common practice to estimate the response of asset prices to monetary policy actions using market-based measures …

to Germany, the article also investigates whether Austrian prices are tied to a German P-star measure. This hypothesis is …

from writing options on foreign exchange futures. Foreign exchange volatility does influence stock returns, however. The … volatility of the JPY/USD exchange rate predicts the time series of stock returns and is priced in the cross-section of stock … returns. Foreign exchange volatility risk might be priced because of its relation to foreign exchange level risk. ; Earlier …

associated with production technologies and preferences. Markup is always countercyclical in sunspots equilibria (which is …

Keynesian literature has failed to show that sticky prices by themselves can effectively propagate business cycles in general …

stock market indices and on major commodity prices. Furthermore, our results suggest that we are more likely to see investor …