We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …

fragility of leveraged firms in its pursuit of inflation-targeting interest rate policies. This paper develops a small …

ambiguous effects w.r.t. to the impact of capital market risk as well as inflation risk, which is due to the interplay of … response to positive changes in inflation risk and capital market risk, respectively, with both effects lasting permanently. …

This paper undertakes a quantitative investigation of the effects of anticipated inflation on the distribution of … environment to study the distributive effects of changes in anticipated inflation. An increase in anticipated inflation leads …, this redistribution improves aggregate welfare. First, this paper shows that inflation acts not only a regressive …