Our major conclusions are as follows: (1) If inflation rates remain high, then the yield curve will tend to slope upward more steeply than in the past (or slope downward less steeply when the yield curve is inverted). (2) This yield curve situation will lead firms to shorten the average maturities of their liabilities, even though this will expose them to greater risks of earnings fluctuations ...

The paper extends the literature on financial development, inflation, and growth by using the idea that both the rates of return on physical and human capital affect growth. This leads to the introduction of the investment rate into the model, as a proxy for the return to physical capital, along with the inflation rate as a variable affecting the return to human capital. As a result financial d...

Has the macroeconomic policy "regime" changed in the United States in the last few years? If so, has t h s change had an effect on macroeconomic relationships, and, in particular, on the relationshp between inflation and unemployment? These two questions have been on the minds of most macroeconomists since the October 1979 switch from interest rates to reserves as an intermediate target for the...

Inflationary cosmologies, regarded as dynamical systems, have rather simple asymptotic behavior, insofar as the cosmic baldness principle holds. Nevertheless, in the early stages of an inflationary process, the dynamical behavior may be very complex. In this paper, we show how even a simple inflationary scenario, based on Linde’s “chaotic inflation” proposal, manifests nontrivial dynamical effe...

This study aims to measure the impact of interest rates, exchange and inflation on performance commercial banks in Albania, using monthly data from December 2015 May 2022 obtained Bank Albania Institute Statistics (INSTAT). The multiple regression model measures relationship between dependent variable (ROA) independent variables (inflation, rate, rate). estimation results reveal that rate varia...

OBJECTIVE Variability in the breathing pattern of patients with cancer during radiotherapy requires mitigation, including enlargement of the planned treatment field, treatment gating and breathing guidance interventions. Here, we provide the first demonstration of how easy it is to mechanically ventilate patients with breast cancer while fully conscious and without sedation, and we quantify the...

The Bolivian inflation process is analyzed utilizing a time-varying univariate and multivariate Markov-switching model (TMS). With monthly data and, beginning in the late 1930s, accurately described by TMS. intercept for high-inflation regime significantly higher than low-inflation actual rate mirrors smoothing probabilities of Markov process. Additionally, predicted duration each closely fits ...