regression models and provide a discussion of the impact on the formation of inflation expectations in the presence of multiple … and recurrent changes in inflation regimes. Our empirical findings give a plausible explanation as to why the rational …-expectations hypothesis based on direct measures of inflation expectations from survey series is typically rejected because of large …

provide an estimate for the equity risk premium (ERP). Design/methodology/approach – The authors collect stock-level data …

policy uncertainty and inflation expectations) influence micro-level (instead of macro-level) behavioral dynamics exhibited … the short run, inflation expectations tend to have a significant positive impact on both non-durable goods and service … that economic policy uncertainty, unlike inflation expectations, tends to constrain consumption expenditures at all micro …

Summary This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for …

Verfügung. Letztlich muss die offizielle Inflation deshalb auf Basis eines statistischen Preisindex (SP) berechnet werden. Bei …

providing working capital and risk management benefits for farmers. Several different types of CSA arrangements have emerged in … the market with terms varying in the degree to which consumers share in the farm’s risk. No-arbitrage principles of … futures and options pricing suggest that CSA shares should be priced to reflect the degree of risk transfer. The paper aims to …

Purpose – The purpose of this paper is to examine if the enactment of Sarbanes-Oxley (SOX) resulted in lower risk … premium and return volatility in the US stock markets. The paper examines the two components of excess return (total risk … premium) separately: the amount of volatility (risk) and the unit price of risk (risk premium). Design …

can use the interest rate dynamics to infer the policy risk premium, which is a more objective market indicator of the …

Purpose The purpose of this paper is to investigate the role of volatility risk on stock return predictability … contributes the existing literature on volatility measures, volatility risk and stock return predictability in global financial …