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the topic, finding that the business failure rate is a decreasing function of: the population growth rate; the inflation …
Persistent link: https://www.econbiz.de/10011111818
deflation and central banks must lower interest rates to stimulate inflation. The paper shows that nominal interest rates … rigidity is sufficient to characterize the little we know about inflation. It also shows that, unlike for other products, the …
Persistent link: https://www.econbiz.de/10011112428
This paper investigates the quantitative importance of various types of frictions for inflation and nominal interest …
Persistent link: https://www.econbiz.de/10008565437
about 50% of the Flemish; but by the 1480s, they had narrowed that gap (with much less inflation) to about 80%. That gap was …
Persistent link: https://www.econbiz.de/10005617005
the term premia is driven primarily by nominal uncertainty, i.e. the uncertainty for expected inflation and the US term …
Persistent link: https://www.econbiz.de/10011108020
This study adopts a loanable funds model to investigate the impact of budget deficits in the U.S. on long term real interest rates. The study investigates both ex post real 10 year Treasury note yields and ex post real 20 year Treasury bond yields. The study period runs from 1955 through 1987,...
Persistent link: https://www.econbiz.de/10011109118
This paper analyses the India sovereign yield to find out the principal factors affecting the term structure of interest rate changes. We apply Principal Component Analysis (PCA) on our data consisting of zero coupon interest rates derived from government bond trading using Nelson-Siegel...
Persistent link: https://www.econbiz.de/10011113377
values of capital gain yield against inflation and other supporting variables were first estimated and these predicted values … classical discussion among financial researchers about the inflation-hedging capabilities of stock investment in short to medium … regression, the empirical results of the study illustrate that capital gain is affected by inflation levels prevailing for the …
Persistent link: https://www.econbiz.de/10011259702
time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I … posit that, while the effects of inflation are not recognized in nominal statements, such effects may have economic … consequences. I find that unrecognized inflation gains and losses help predict future cash flows as these gains and losses turn …
Persistent link: https://www.econbiz.de/10011114513
Every month the commercial banks in Iceland publish their inflation forecast for the coming month. This paper examines … how accurate these forecasts were from 2000 to 2006. Most of the forecasts have similar accuracy where the inflation rate …
Persistent link: https://www.econbiz.de/10008555444