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uncertainty. Moreover, we find that the additional note disclosures of the estimation process may not compensate for the bad … accounting that arises from relying on unauditable estimation processes. These findings do not support recent changes to the … de-emphasize the importance of verifiability and to rely on more note disclosures of the estimation process can reduce …
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This paper proposes an ESTAR modeling framework to analyze the anchoring of inflation expectations. Anchoring criteria are empirical estimates of a market implied inflation target as well as the strength of the anchor that holds expectations at the target. Results from daily financial market...
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