Showing 11 - 20 of 83,964
is stronger for countries with higher average inflation or debt. …
Persistent link: https://www.econbiz.de/10010189835
the G7 countries. We first show that nominal interest and inflation rates are better represented as I(0) variables. Later … inflation rates to nominal interest rates is very different than one. …
Persistent link: https://www.econbiz.de/10011654168
In the present paper we analyse whether fundamental macroeconomic factors, temporary influences or more structural factors have contributed to the recent decline in bond yields in the US. For that purpose, we start with a very general model of interest rate determination in which risk premia are...
Persistent link: https://www.econbiz.de/10012002995
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 …
Persistent link: https://www.econbiz.de/10012012509
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 …
Persistent link: https://www.econbiz.de/10014500365
This paper examines robust estimators of core inflation for Belgian historical CPI data, and the euro area Harmonised …
Persistent link: https://www.econbiz.de/10005780087
interest rates, real stock returns, inflation, industrial production, and the real exchange rate using a multivariate vector …
Persistent link: https://www.econbiz.de/10005777168
In this paper we analyze the robustness properties of GMM estimators and GMM based tests, in view of an application to the robust estimation and comparison of some well known one factor models of the term structure of interest rates. We show that GMM estimators and tests are robust if and only...
Persistent link: https://www.econbiz.de/10005727733
interest rate, the study found evidence for the popular Fisher's effect and, then, suggested that inflation targeting should be …
Persistent link: https://www.econbiz.de/10014547759
Whenever inflation rears its head, the call soon comes to raise interest rates. The rationale is simple. Higher … interest rates put a damper on the supply of money. And this monetary clamp slows inflation. It’s so intuitive that it must be … inflation. Yet the evidence demonstrates that the opposite is true: higher interest rates are associated with higher inflation …
Persistent link: https://www.econbiz.de/10013541619