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The portfolio theory of inflation and policy (in)effectiveness revisited : corroborating evidence

Bossone, Biagio; Cuccia, Andrea - 2020

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …

Persistent link: https://www.econbiz.de/10012140238

Essays in international finance

Matsumoto, Akito - 2004

Persistent link: https://www.econbiz.de/10003387301

Bank credit, expected inflation rate, and financial dynamics

Watanabe, Toshio - 2025

We investigate the effects of debt-capital ratio and expected inflation rate on the stability of the economy using a … Minsky model and reconsidering Fisher's debt-deflation theory. We have developed static and dynamic models that formalize an … inflation-targeting policy. The static model reveals that an increase in the debt-capital ratio may negatively impact the profit …

Persistent link: https://www.econbiz.de/10015371903

Monetary policy over the life cycle

Braun, R. Anton; Ikeda, Daisuke - 2021 - August 2021 (Revised September 2021)

A tighter monetary policy is generally associated with higher real interest rates on deposits and loans, weaker performance of equities and real estate, and slower growth in employment and wages. How does a household's exposure to monetary policy vary with its age? The size and composition of...

Persistent link: https://www.econbiz.de/10012604303

Risk-Taking, Capital Allocation and Optimal Monetary Policy

David, Joel Michael; Zeke, David - 2021

We study the role of firm heterogeneity in affecting business cycle dynamics and optimal stabilization policy. Firms differ in their degree of cyclicality, and hence, exposure to aggregate risk, leading to firm-specific risk premia that influence resource allocations. The heterogeneous firm...

Persistent link: https://www.econbiz.de/10013251194

Risk-Taking, Capital Allocation and Optimal Monetary Policy

Zeke, David - 2021

Persistent link: https://www.econbiz.de/10014031130

Essays on monetary policy interactions with fiscal policy and financial markets

Niemann, Stefan (contributor) - 2008

Persistent link: https://www.econbiz.de/10003652546

The true nature of the portfolio balance channel of quantitative easing policy

Jakl, Jakub - In: Národohospodářský obzor : časopis věnovaný … 19 (2019) 2, pp. 95-117

This paper analyses the effects of the ECB's Public sector purchase programme (PSPP) on portfolios of the Eurozone investors. The ECB claims that the PSPP works mainly through the portfolio balance channel when the conditions on the asset markets are changed by the presence of a bidding central...

Persistent link: https://www.econbiz.de/10012026893

Predicting Inflation : Portfolio Erosion or Collapse?

Crawford, George - 2012

What is the probability of high inflation; how high, when? These questions are important to all investors since even … characterizes this as The War On Savers. Higher inflation is possible, at 4% or more, with even worse effects. There are heated … debates about the probability and timing of high inflation, but our review of the extensive literature reveals no reliable way …

Persistent link: https://www.econbiz.de/10013099903

The portfolio theory of inflation (and policy effectiveness)

Bossone, Biagio - 2019

The Portfolio Theory of Inflation (PIT) proposed in this study investigates the role of global financial markets in … inflation to rise due to a large exchange rate pass-through, with limited or no impact on output. On the other hand, high … dissipated and higher inflation reflects such dissipation. …

Persistent link: https://www.econbiz.de/10011993031