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Inflation risk and the cross section of stock returns
Duarte, Fernando M. - 2013
I establish that inflation risk is priced in the cross section of stock returns: Stocks that have low returns during inflationary times command a risk premium. I estimate a market price of inflation risk that is comparable in magnitude to the price of risk for the aggregate market. Inflation is...
Persistent link: https://www.econbiz.de/10010333610
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How macro transactions describe the evolution and fluctuation of financial variables
Olkhov, Victor - In: International Journal of Financial Studies 6 (2018) 2, pp. 1-19
The description of the dynamics and fluctuations of macro variables remains one of the most exciting problems of financial economics. This paper models macro variables via the description of transactions between agents. We use risk ratings x of agents as their coordinates in the economic space....
Persistent link: https://www.econbiz.de/10011996120
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Handbook of real estate and macroeconomics: An introduction
Leung, Charles Ka Yui - 2021
This paper provides some background for the book, Handbook of Real Estate and Macroeconomics. It gives an overview of different chapters and how various themes and ideas can be connected. Directions for future research are also discussed.
Persistent link: https://www.econbiz.de/10012793778
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Why does Brazil's banking sector need public banks? What should BNDES do?
Rezende, Felipe - 2015
The 2007-8 global financial crisis has shown the failure of private finance to efficiently allocate capital to finance real capital development. The resilience and stability of Brazil's financial system has received attention, since it navigated relatively smoothly through the Great Recession...
Persistent link: https://www.econbiz.de/10010513069
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The Entrepreneur's Role in the Performance Growth of the Financial Audit Activity in Romania
Popescu, Cristina Raluca; Popescu, Veronica Adriana; … - In: Amfiteatru Economic Journal 17 (2015) 38, pp. 228-246
For the study of entrepreneurship, a cornerstone of modern competitive economy, perhaps there is no liberal profession better suited to be analysed than the financial audit. The financial auditor is meant to be an entrepreneur, to take his destiny into his own hands, because, in order to be...
Persistent link: https://www.econbiz.de/10011724939
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Schwache Preisentwicklung und Deflationsgefahr im Euroraum: Grenzen der Geldpolitik
Bernoth, Kerstin; Fratzscher, Marcel; König, Philipp Johann - In: DIW Wochenbericht 81 (2014) 12, pp. 235-249
the ECB's objective. On the other hand, there is the risk that this situation will lead to a slide into deflation. In view … of the ECB's historically low policy rates, the question arises as to which monetary policy options are available. In … order to counteract possible deflation, primarily unconventional measures remain open to the ECB, such as outright purchases …
Persistent link: https://www.econbiz.de/10010335203
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Weak inflation and threat of deflation in the euro area: Limits of conventional monetary policy
Bernoth, Kerstin; Fratzscher, Marcel; König, Philipp - In: DIW Economic Bulletin 4 (2014) 5, pp. 15-28
the ECB's objective. On the other hand, there is the risk that this situation will lead to a slide into deflation. In view … of the ECB's historically low policy rates, the question arises as to which monetary policy options are available. In … order to counteract possible deflation, primarily unconventional measures remain open to the ECB, such as outright purchases …
Persistent link: https://www.econbiz.de/10010369535
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Financial Development and Macroeconomic Volatility. Evidence from OECD Countries
Hahn, Franz R. - 2003
This paper discusses the link between financial development and macroeconomic volatility by exploring some of the ways through which financial development may affect business cycle fluctuations. To be specific, we examine whether stock market development exerts an unambiguous effect on...
Persistent link: https://www.econbiz.de/10011435122
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Finance and the Business Cycle. The Ricardian Perspective
Hahn, Franz R. - 2003
A Ricardian-type set-up is used to explore the linkage between financial development and the business cycle. Though financial advancement may be good for growth due to making possible a higher degree of division of labor, it may, for the same reason, be bad for the business cycle. Building on...
Persistent link: https://www.econbiz.de/10011435135
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Intra- and extra-euro area import demand for manufactures
Anderton, Robert; Baltagi, Badi H.; Skudelny, Frauke; … - 2005
. Using a simultaneous equation estimation framework, and pooling the data across nine euro area countries as an approximation …
Persistent link: https://www.econbiz.de/10011604578