Showing 1 - 10 of 255
priorpostwar experience.1 Inflation also stabilized around then(although only when compared with a shorter period ofvolatility in … output and inflation volatility; othershave attributed the decreased volatility of GDP to a reductionin the size of the … policy in stabilizing output, althoughpolicy remains the likely source of reduced inflation volatility... …
Persistent link: https://www.econbiz.de/10005869385
assumptions about investor risk aversion and behaviour againstan assortment of macroeconomic environments. The form chosen for …
Persistent link: https://www.econbiz.de/10005870322
[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary … restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation …, we specify and estimate a traditionalprice-inflation Phillips curve model over the 1965-96period. Our results show that …
Persistent link: https://www.econbiz.de/10005870223
of this paper is the analysis of inflation risk of European real estate securities. An overview of the institutional … United Kingdom are examined for the period 1980:1-1998:12. Besides the classical Fama/Schwert-approach, shortfall risk …
Persistent link: https://www.econbiz.de/10005840342
examine the relevance of the cost channel for inflation dynamics in G7 countries. Since firms’ costs of working capital … inflation responses to monetary policy shocks, and can even lead to inverse inflation responses, when the cost channel is …
Persistent link: https://www.econbiz.de/10005854268
to consumer price inflation in an international comparisonover the period from 1990 to 2004. The analysis focuses on the …
Persistent link: https://www.econbiz.de/10005854985
difficulties: the calculation, the verification and the inflation problem. This article focuses on the inflation problem. It is … shown that the inflation problem can be resolved by modifying the individual ageing provisions in a special way. Future …
Persistent link: https://www.econbiz.de/10005856264
Episodes of unanticipated inflation reduce the real value of nominal claims and thus redistribute wealth from lenders to … borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We model an … inflation episode as an unanticipated shock to the wealth distribution in a quantitative overlapping-generations model of the U …
Persistent link: https://www.econbiz.de/10005857752
-of-sample forecasting exercise. We find that three-regime models that allow for shifts in the inflation risk premium or real interest rate (or … future changes in the rate of inflation. More recently, this relationship has been strengthened through the introduction of … both) are the most promising forecasting models of inflation when using the term structure. …
Persistent link: https://www.econbiz.de/10005857756
explicitly on Euro-zone inflation forecastswill diminish problems associated with the large number of country … target inflation - essentially theCzech Republic, Hungary, and Poland - should maintain this monetary policy strategy …
Persistent link: https://www.econbiz.de/10005858144