for estimating the model parameters. In forecasting inflation, the central bank inflation target, if it exists, is a …

Among the harmful effects of inflation, the negative consequences of inflation volatility are of particular concern … inflation volatility. Major results are robust for unconditional and conditional inflation volatility, the latter derived from …

We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on … of the conditional exogenous exchange rate volatility on the conditional mean of the endogenous variables in our open … empirically. In the second part, we investigate the effect of non-fundamental exchange rate volatility in a stochastic open …

leverage and asset volatility. We conclude that the bilateral cross-sector exposures in the euro area financial system … financial intermediaries playing a key role in the processes. High financial leverage and high asset volatility are found to …

This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative … investors of different sophistication, and (ii) investor sophistication matters for performance in both public equity and … international equity trades: (i ) trading by US investors occurs in bursts of simultaneous buying and selling, (ii ) Americans build …