taken by domestic agents. The Portfolio Theory of Inflation (PTI) developed in this study assumes that some critical … higher inflation, with limited or no impact on output. On the other hand, high credibility creates space for effective and …

The Portfolio Theory of Inflation (PIT) proposed in this study investigates the role of global financial markets in … inflation to rise due to a large exchange rate pass-through, with limited or no impact on output. On the other hand, high … dissipated and higher inflation reflects such dissipation. …

bond yields appears to be inflationary expectations. When inflation is high and rising at the time of a currency crash … years, inflation rates have been remarkably stable in industrial countries after currency crashes …

of the daily percentage change in the S&P 500 on the TIPS spread measuring inflation expectations show little correlation … between asset prices and expected inflation from 2003 until early 2008. However, since early 2008 the correlation between … changes in stock prices and in inflation expectations has been strongly positive and statistically significant …

interest rate, the study found evidence for the popular Fisher's effect and, then, suggested that inflation targeting should be …

The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real …, and inflation level) is employed. Study adopted Johansen test. Findings indicated that both trace test and max eigenvalue … inflation causes interest rate. On the other hand all other variables are independent with each other. Regressionwas conducted …

This paper aims to show why Irving Fisher's own data on interest rates and inflation in New York, London, Paris, Berlin … changes in inflation, not even in the long run. In Fisher's data, interest rates have more persistence than inflation and … change less than inflation over time. The Fisher effect is a misnomer unless it is taken to refer to what Fisher actually …

The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank … welfare cost of a 10% inflation rate instead of zero, for comparison to other estimates, as well as the cost of a 2% inflation … rate instead of a zero inflation rate. The zero rate is specified as the US inflation rate target in the 1978 Employment …

interest rate and inflation rate across a time frequency space and then employ wavelet coherence tools to investigate the … interest rates and inflation for SACU countries in the post-2000 period, with stronger Fisher effects existing around the …