García-Verdú, Santiago; Ramos-Francia, Manuel - 2018
Our interest is to understand the costs of deflation. Thus, we explore the extent to which deflationary risks have …, based on it, we estimate a(n) (in)deflation risk premium. We find that our aggregate risk premium and a systemic financial … to explore the extent to which changes in the price and debt levels, are priced in by the (in)deflation risk premium. We …