Showing 21 - 30 of 82,789
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
This article considers the current economic situation from the lens of modern money theory (MMT) and expresses a policy response rooted in post-Keynesian theory and empirical data for the US and the euro area. First, MMT supports targeted deficit spending to promote production. Increasing...
Persistent link: https://www.econbiz.de/10014481020
The present study of the Agency for Economic Programming and Development aims to characterize the inflation process …
Persistent link: https://www.econbiz.de/10008480969
According to several empirical studies, US inflation and nominal interest rates, as well as the real interest rate, can … be described as unit root processes. These results imply that nominal interest rates and expected inflation do not move … the three-month treasury bill rate and inflation share a common nonlinear component that explains a large part of their …
Persistent link: https://www.econbiz.de/10005561249
We use an intefrated framework based on the CCAPM to jointly estimate ex-ante real interest rates, inflation risk … premia and agents' inflation expectation errors in four countries - France, Spain, UK and US - under three different …
Persistent link: https://www.econbiz.de/10005474559
We use an integrated framework based on the CCAPM to jointly estimate ex-ante real interest rates, inflation risk … premia and agents' inflation expectation errors in four countries - France, Spain, UK and US - under three different …
Persistent link: https://www.econbiz.de/10005022298
According to several empirical studies, US inflation and nominal interest rates, as well as the real interest rate, can … be described as unit root processes.These results imply that nominal interest rates and expected inflation do not move … the three-month treasury bill rate and inflation share a common nonlinear component that explains a large part of their …
Persistent link: https://www.econbiz.de/10012147856
This study examines the changing relationship between domestic long-term , domestic short-term and foreign long-term interest rates.
Persistent link: https://www.econbiz.de/10005641235
According to several empirical studies, US inflation and nominal interest rates, as well as the real interest rate, can … be described as unit root processes. These results imply that nominal interest rates and expected inflation do not move … the three-month treasury bill rate and inflation share a common nonlinear component that explains a large part of their …
Persistent link: https://www.econbiz.de/10005648884
long term interest rates. Since current inflation is obviously the same at any given time, the change in the term structure …
Persistent link: https://www.econbiz.de/10005664274