منابع مشابه
Study of the Relationship between Inflation Rate and Bank Interest Rate in the Iranian Economy
Experts believe that by lowering the interest rate on bank accounts, total cost of goods and services decreases, and secondly, investment production increases, both of which lead to lower inflation and provide stable employment field, on the other hand, are concerned about the negative effects of lowering the interest rate without lowering inflation and know the underlying requirement of nomin...
متن کاملBond futures, inflation-indexed bonds, and inflation risk premium
We propose a new approach to measuring long-run inflation risk, the inflation risk premium, and inflation expectations for the UK over the period 1985–2012. By adding long-term bond futures to the information set of inflation-indexed and nominal bonds, inflation risk is measured as an incremental time-varying covariance obtained from a trivariate GARCH model with dynamic conditional correlation...
متن کاملInflation with and without Bond Markets
Andrew K. Rose* 02 October 2014 Contact: Andrew K. Rose, Haas School of Business, University of California, Berkeley, CA 94720‐1900 Tel: (510) 642‐6609 Fax: (510) 642‐4700 E‐mail: [email protected] URL: http://faculty.haas.berkeley.edu/arose “I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come b...
متن کاملEquilibrium Growth, Inflation, and Bond Yields
This paper explores bond pricing implications of a stochastic endogenous growth model with imperfect price adjustment. In this setting, the production and price-setting decisions of firms drive low-frequency movements in macro growth and inflation rates that are negatively related, as in the data. With recursive preferences, these endogenous long-run growth and inflation dynamics are crucial fo...
متن کاملOn the Optimal Inflation Rate
How do financial frictions affect the optimal inflation rate? Can financial frictions alone annul the long-run super-neutrality of money? Should the inflation rate be higher in emerging market economies with less developed financial markets than in advanced economies, as is currently observed? To answer these questions we set up an incomplete markets model in which households choose portfolios ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1996
ISSN: 1556-5068
DOI: 10.2139/ssrn.2129969