Explaining International Comovements of Output and Asset Returns: The Role of Money and Nominal Rigidities

1999 ◽  
Author(s):  
Robert Kollmann
Keyword(s):  
Asset Returns ◽  
Nominal Rigidities

scholarly journals Explaining International Comovements of Output and Asset Returns: The Role of Money and Nominal Rigidities

1999 ◽  
Vol 99 (84) ◽  
pp. 1 ◽  
Author(s):  
Robert Miguel W. K. Kollman ◽  
Keyword(s):  
Asset Returns ◽  
Nominal Rigidities

scholarly journals U.S. TREND INFLATION REINTERPRETED: THE ROLE OF FISCAL POLICIES AND TIME-VARYING NOMINAL RIGIDITIES

2014 ◽  
Vol 19 (6) ◽  
pp. 1294-1308 ◽  
Author(s):  
Nicola Acocella ◽  
Giovanni Di Bartolomeo ◽  
Patrizio Tirelli
Keyword(s):  
Strong Impact ◽  
Fiscal Policies ◽  
Time Varying ◽  
Nominal Rigidities ◽  
Distortionary Taxation ◽  
Trend Inflation ◽  
Wage Indexation ◽  
Joint Evolution

This paper offers a reinterpretation of the Fed's time-varying implicit inflation target, based on two considerations. The first is that the need to alleviate the burden of distortionary taxation may justify the choice of a positive inflation rate. The second is based on compelling evidence that the degree of price and wage indexation falls with trend inflation. In fact, we find that a proper characterization of the joint evolution of fiscal variables and nominal rigidities has a strong impact on the Ramsey optimal policies, implying optimal inflation dynamics that are consistent with the observed evolution of U.S. trend inflation. By contrast, tax policies have been too lax, especially at the time of the controversial Bush tax cuts.

scholarly journals Evolution of the Monetary Transmission Mechanism in the US: the Role of Asset Returns

2015 ◽  
Vol 52 (3) ◽  
pp. 226-243 ◽  
Author(s):  
Beatrice D. Simo-Kengne ◽  
Stephen M. Miller ◽  
Rangan Gupta ◽  
Mehmet Balcilar
Keyword(s):  
Asset Returns ◽  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Monetary Transmission Mechanism ◽  
The Us

scholarly journals The Exchange Rate Pass -Through to Import and Export Prices: The Role of Nominal Rigidities and Currency Choice

2012 ◽  
Vol 12 (226) ◽  
pp. i ◽  
Author(s):  
Ehsan U. Choudhri ◽  
Dalia Hakura ◽  
◽  
Keyword(s):  
Exchange Rate ◽  
Nominal Rigidities ◽  
Export Prices ◽  
Import And Export ◽  
The Exchange Rate ◽  
Pass Through ◽  
Exchange Rate Pass Through

scholarly journals Predicting asset returns in the BRICS: The role of macroeconomic and fundamental predictors

2016 ◽  
Vol 41 ◽  
pp. 122-143 ◽  
Author(s):  
Ricardo M. Sousa ◽  
Andrew Vivian ◽  
Mark E. Wohar
Keyword(s):  
Asset Returns

scholarly journals The Stabilizing Role of Net Foreign Asset Returns

2018 ◽  
Author(s):  
Gustavo Adler ◽  
Daniel Garcia-Macia
Keyword(s):  
Asset Returns ◽  
Foreign Asset ◽  
Net Foreign Asset
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