Showing 1 - 10 of 7,653
We study investors' perceptions of inflation through the lens of a high-frequency event study and document that they … have a stagflationary view of the world. In response to higher-than-expected inflation, investors expect firms' nominal … even decline, with increases in nominal yields offset by larger increases in inflation expectations. Consistent with a …
Persistent link: https://www.econbiz.de/10015061918
We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 …
Persistent link: https://www.econbiz.de/10010284044
-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation … combination of circumstances-i.e. capital inflows, structural reforms and the peculiar recent inflation history-can explain that …
Persistent link: https://www.econbiz.de/10010293509
inflation. We introduce a small idiosyncratic component in firms’ marginal costs and let the economywide average marginal cost …
Persistent link: https://www.econbiz.de/10011604520
Nachfrage geführt und damit die Inflation angeheizt hat. Energie, Rohstoffe und Lebensmittel waren die zentralen Preistreiber …Using interest rates, central banks are currently trying to reduce inflation and stabilize financial markets. They … institutions. However, it remains unclear whether this liquidity led to excessive demand, thus fuelling inflation that can and …
Persistent link: https://www.econbiz.de/10015173571
, commodities and food were the main drivers of inflation. For this reason, central banks' goal of weakening demand for labor … objectives: slowing inflation, stabilizing financial markets and sustaining growth. If interest rates remain high, but external … forces emerge with a lasting effect and keep inflation rates high, especially in smaller emerging countries, it will be …
Persistent link: https://www.econbiz.de/10015393844
We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the …, and robust for different estimators and financial development measures – suggest that inflation presented deleterious … inequality. Therefore, low and stable inflation, and all that it encompasses, is a necessary first step to achieve a deeper and …
Persistent link: https://www.econbiz.de/10010284524
To which extent do equity and housing hedge against inflation? Despite the extensive literature, there is only little …, housing at least partially hedges against inflation. The nominal return–inflation relation is higher in the post-war period … hedge within 1 year in the entire period, and the returns tend to decrease with inflation in the post-war period. The hedge …
Persistent link: https://www.econbiz.de/10015205193
We study how investors respond to inflation combining a customized survey experiment with trading data at a time of … historically high inflation. Investors' beliefs about the stock return-inflation relation are very heterogeneous in the cross … section and on average too optimistic. Moreover, many investors appear unaware of inflation-hedging strategies despite being …
Persistent link: https://www.econbiz.de/10015211339
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …
Persistent link: https://www.econbiz.de/10014000500