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Financial instruments are subject to inflation taxes on the wealth they represent and on the nominal income flows they … production and shows that the value of the firm in this case is equal to the firm’s capital stock divided by inflation. The … resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in …
Persistent link: https://www.econbiz.de/10014400389
solution, a rule for determining the inflation and output growth effects is presented. Assigning alternative values to the key … counterparts. An application to major industrial country data indicates that the suggested rule is robust. Both inflation and …
Persistent link: https://www.econbiz.de/10014400391
The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We … with higher inflation volatility …
Persistent link: https://www.econbiz.de/10014400402
-in the context of a historic surge in inflation. In surveys with more than 10,000 US households and 100 academic experts, we …, and often feature politically loaded explanations. Households' narratives matter for their inflation expectation formation …
Persistent link: https://www.econbiz.de/10015057791
Financial stability risks have increased rapidly as the resilience of the global financial system has faced a number of tests. Recent turmoil in the banking sector is a powerful reminder of the challenges posed by the interaction between tighter monetary and financial conditions and the buildup...
Persistent link: https://www.econbiz.de/10015057889
. China's recent reopening has paved the way for a faster-than-expected recovery. Global inflation is expected to fall to 6 …
Persistent link: https://www.econbiz.de/10015057890
This study investigates the relationship between the adoption of renewable energy and the sensitivity of inflation to … oil and gas prices leading to a surge in inflation, the notion of a "divine coincidence" suggests that higher levels of … renewable energy adoption, in addition to fighting climate change, could mitigate fossil fuel price-induced inflation volatility …
Persistent link: https://www.econbiz.de/10015058378
Persistent link: https://www.econbiz.de/10015058391
Persistent link: https://www.econbiz.de/10015058399
modeling framework to study the conditions under which these policies can curb inflation. We first consider a closed economy … model to show that a consumer subsidy may be counterproductive, especially as an inflation-fighting tool, when applied … energy subsidies to reduce core inflation and stimulate demand if introduced by a small group of countries which collectively …
Persistent link: https://www.econbiz.de/10015058519