This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …

literature. The model is applied to the analysis of inflation dynamics. Allowing for heavy tails leads to significant … well-calibrated density forecasts. These results are obtained using the US CPI inflation rate and are confirmed by other … inflation indicators as well as the CPI of the other G7 countries …

how the two interact. The model is applied to the analysis of inflation dynamics. Allowing for heavy tails leads to … obtain well-calibrated density forecasts. These results are obtained using US CPI inflation rate and are confirmed for other … indicators of inflation as well as the CPI inflation of the other G7 countries. Finally, we show how the proposed approach …

What is the probability of high inflation; how high, when? These questions are important to all investors since even … characterizes this as The War On Savers. Higher inflation is possible, at 4% or more, with even worse effects. There are heated … debates about the probability and timing of high inflation, but our review of the extensive literature reveals no reliable way …

choose a path for the inflation rate that ends with a non-zero value. Such a property is relevant in a wide range of … youth structure. In this setting, profit flows are discounted more heavily than utility flows and the optimal inflation … long-run inflation rate in models with firm entry and exit and in environments with search and matching frictions in the …