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Persistent link: https://www.econbiz.de/10012984678
A large body of evidence links financial development to economic growth, yet the channels through which inflation … to examining these channels, and find that higher levels of financial development, combined with low inflation, are … its explanatory power in the presence of high inflation. In particular, small increases in the price level seem able to …
Persistent link: https://www.econbiz.de/10014200230
(and other) policy tools. Full Publication: 'http://ssrn.com/abstract=2870167' Inflation Mechanisms, Expectations and …
Persistent link: https://www.econbiz.de/10012978985
A large body of evidence links financial development to economic growth, yet the channels through which inflation … to examining these channels, and find that higher levels of financial development, combined with low inflation, are … its explanatory power in the presence of high inflation. In particular, small increases in the price level seem able to …
Persistent link: https://www.econbiz.de/10012721286
Existing research discards domestic equities as inflation hedge, yet, to the best of my knowledge, overlooks … international equities. I show that international equities hedge against inflation level and inflation changes more effectively than … domestic equities. The protection is stronger for country-specific inflation shocks and for weak domestic currencies …
Persistent link: https://www.econbiz.de/10013105872
We study the relation between US inflation and the performance of global asset classes (including bonds, stocks … recent 30 years (1991–2020). We find that most assets had positive average real returns in both low- and high-inflation years …. While average real returns were lower in years with higher inflation for most assets, many of the differences are not …
Persistent link: https://www.econbiz.de/10013219638
This paper investigates thresholds of inflation, government size, trade openness, and per capita income for the finance … inflation crowds out positive effects of financial depth on long-run growth, (ii) small government sizes hurt the finance …
Persistent link: https://www.econbiz.de/10013133509
Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...
Persistent link: https://www.econbiz.de/10013155688
. Examples include the Financial Panic of 1914, the Post-World War I/Great Influenza inflation of 1919-1920, the Dot-com bubble …
Persistent link: https://www.econbiz.de/10013406480
). Companies that more frequently refer to inflation in their conference calls with analysts performed worse. Internationally …
Persistent link: https://www.econbiz.de/10013192064