Performance of inflation indicators for predicting the probability of inflation falling inside constant and moving targets is considered with a probit model using U.S. data. Given Fed emphasis on achieving price stability, particular attention is given to the target that future inflation will be...

The performance of inflation indicators for predicting the probability of inflation falling inside constant and moving targets is considered with a probit model using US data. Given the Federal Reserve System's emphasis on achieving price stability, particular attention is given to the target...

This paper examines the effect of ownership structure of a controlling shareholder on the financial constraints of non-financial firms in 22 economies for the 1982-2009 period. We find that the overinvestment propensity of a controlling shareholder becomes less severe with an increase in...