time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I … posit that, while the effects of inflation are not recognized in nominal statements, such effects may have economic … consequences. I find that unrecognized inflation gains and losses help predict future cash flows as these gains and losses turn …

This paper analyzes the effects of a change in a small but time-varying “disaster risk” à la Gourio (2012) in a New … Keynesian model. In a real business cycle framework, the disaster risk has been successful in replicating observed moments of … sticky prices allows to conciliate recessionary effects of the disaster risk with a plausible value of the EIS. A higher …

inflation expectations are obtained. This approach clarifies the mechanisms behind a negative risk premium: an inflation …This paper proposes a new methodology for extracting inflation expectations from financial markets. For this purpose, a … synthetic financial asset is built whose returns are matched with the inflation rate by construction. The methodology estimates …

estimation and inference of Vector Autoregressive Models (VARs). Unlike previous research on the topic, we identify inflation … the crypto space. Still, empirical evidence on whether Bitcoin is an asset that protects investors against inflation is … still inconclusive. To contribute to this debate, we analyze the effect of inflation shocks on bitcoin returns through the …

product (GDP), interest rates, and inflation rates for financial deepening (FD) in Ghana. GDP per capita and interest rates … exhibit statistically significant impacts on FD in Ghana, whereas inflation exerts an insignificant inverse effect. The …

that generate unacceptable levels of inflation. …