Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
An Indicator Of Future Inflation Extracted From The Steepness Of The Interest Rate Yield Curve Along Its Entire Length
Download An Indicator Of Future Inflation Extracted From The Steepness Of The Interest Rate Yield Curve Along Its Entire Length full books in PDF, epub, and Kindle. Read online An Indicator Of Future Inflation Extracted From The Steepness Of The Interest Rate Yield Curve Along Its Entire Length ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis An Indicator of Future Inflation Extracted from the Steepness of the Interest Rate Yield Curve Along Its Entire Length by : Jeffrey A. Frankel
Download or read book An Indicator of Future Inflation Extracted from the Steepness of the Interest Rate Yield Curve Along Its Entire Length written by Jeffrey A. Frankel and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often suggested that the slope of the term structure of interest rates contains information about the expected future path of inflation. Mishkin (1990) has recently shown that the spread between the 12-month and 3-month interest rates helps to predict the difference between the 12-month and 3-month inflation rates. His approach however, lacks a theoretical foundation, other than the (rejected) hypothesis that the real interest rate is constant. This paper applies a simple existing theoretical framework, which allows the real interest rate to vary in the short run but converge to a constant in the long run, to the problem of predicting the inflation spread. It is shown that the appropriate indicator of expected inflation can make use of the entire length of the yield curve, in particular by estimating the steepness of a specific nonlinear transformation of the curve, rather than being restricted to a spread between two points. The resulting indicator, besides having a firmer theoretical foundation does a relatively good job of predicting the inflation rate over the period 1960 to 1988.
Book Synopsis Financial Markets and Monetary Policy by : Jeffrey A. Frankel
Download or read book Financial Markets and Monetary Policy written by Jeffrey A. Frankel and published by MIT Press. This book was released on 1995 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this second collection of his writings on financial markets (the first, On Exchange Rates, covered international finance), Jeffrey Frankel turns his attention to domestic markets, with special attention to how national monetary policy is handled. The decade of the 1980s left many central bankers disillusioned with monetarism, so that the question of the optimal nominal anchor remains an open one. In this second collection of his writings on financial markets (the first, On Exchange Rates, covered international finance), Jeffrey Frankel turns his attention to domestic markets, with special attention to how national monetary policy is handled. The fifteen papers are divided into three sections, each introduced by the author. They cover, respectively, optimal portfolio diversification, indicators of expected inflation, and the determination of monetary policy in the face of uncertainty. In the first section, Frankel explores what information the theory of optimal portfolio diversification can give the macroeconomist. In the second section, he considers what economic variables central bankers might use to gauge whether monetary policy is too tight or too loose. And in the final section, he looks at the range of uncertainty over policy effects and how that complicates coordination of macroeconomic policymaking. The book concludes with a sympathetic analysis of nominal GDP targeting.
Book Synopsis Yield Curve Modeling and Forecasting by : Francis X. Diebold
Download or read book Yield Curve Modeling and Forecasting written by Francis X. Diebold and published by Princeton University Press. This book was released on 2013-01-15 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the dynamic evolution of the yield curve is critical to many financial tasks, including pricing financial assets and their derivatives, managing financial risk, allocating portfolios, structuring fiscal debt, conducting monetary policy, and valuing capital goods. Unfortunately, most yield curve models tend to be theoretically rigorous but empirically disappointing, or empirically successful but theoretically lacking. In this book, Francis Diebold and Glenn Rudebusch propose two extensions of the classic yield curve model of Nelson and Siegel that are both theoretically rigorous and empirically successful. The first extension is the dynamic Nelson-Siegel model (DNS), while the second takes this dynamic version and makes it arbitrage-free (AFNS). Diebold and Rudebusch show how these two models are just slightly different implementations of a single unified approach to dynamic yield curve modeling and forecasting. They emphasize both descriptive and efficient-markets aspects, they pay special attention to the links between the yield curve and macroeconomic fundamentals, and they show why DNS and AFNS are likely to remain of lasting appeal even as alternative arbitrage-free models are developed. Based on the Econometric and Tinbergen Institutes Lectures, Yield Curve Modeling and Forecasting contains essential tools with enhanced utility for academics, central banks, governments, and industry.
Book Synopsis New Methods in Fixed Income Modeling by : Mehdi Mili
Download or read book New Methods in Fixed Income Modeling written by Mehdi Mili and published by Springer. This book was released on 2018-08-18 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents new approaches to fixed income modeling and portfolio management techniques. Taking into account the latest mathematical and econometric developments in finance, it analyzes the hedging securities and structured instruments that are offered by banks, since recent research in the field of fixed incomes and financial markets has raised awareness for changes in market risk management strategies. The book offers a valuable resource for all researchers and practitioners interested in the theory behind fixed income instruments, and in their applications in financial portfolio management.
Author :José António Tenreiro Machado Publisher :Springer Science & Business Media ISBN 13 :146140231X Total Pages :328 pages Book Rating :4.4/5 (614 download)
Book Synopsis Nonlinear and Complex Dynamics by : José António Tenreiro Machado
Download or read book Nonlinear and Complex Dynamics written by José António Tenreiro Machado and published by Springer Science & Business Media. This book was released on 2011-08-28 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonlinear Dynamics of Complex Systems describes chaos, fractal and stochasticities within celestial mechanics, financial systems and biochemical systems. Part I discusses methods and applications in celestial systems and new results in such areas as low energy impact dynamics, low-thrust planar trajectories to the moon and earth-to-halo transfers in the sun, earth and moon. Part II presents the dynamics of complex systems including bio-systems, neural systems, chemical systems and hydro-dynamical systems. Finally, Part III covers economic and financial systems including market uncertainty, inflation, economic activity and foreign competition and the role of nonlinear dynamics in each.
Book Synopsis Empirical Research on the German Capital Market by : Wolfgang Bühler
Download or read book Empirical Research on the German Capital Market written by Wolfgang Bühler and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of fifteen original articles results from a cooperative intensive program of research on the German capital market. The program objectives included the development of expertise in modern empirical methods in financial economics and the derivation of results that might be specific to the German capital market. The four parts of the book are dedicated to: - problems of market structure and organization - information and capital market - risk and return - futures and options Altogether, the book gives an overview of empirical research on capital markets in Germany and helps to understand their nature. It also shows the application of modern techniques in financial research.
Book Synopsis Bounded Rationality in Economics and Finance by : Christian Richter
Download or read book Bounded Rationality in Economics and Finance written by Christian Richter and published by LIT Verlag Münster. This book was released on 2008 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dominant hypothesis in mainstream economics is the assumption of prefect rationality. However, there are two dilemmas: Whenever this assumption was used empirical evidence turned out to be against it. Secondly, this assumption is far from reality, for example, because individuals usually do not possess all relevant information. Therefore, this volume addresses issues of bounded rationality in different areas. The first part investigates bounded rationality in financial markets, the second part investigates the effects of bounded rationality on industrial organizations and the third part deals with bounded rationality in price theory, environmental economics and public management.
Book Synopsis Monetary Policy in Transition by : M. Nikolic
Download or read book Monetary Policy in Transition written by M. Nikolic and published by Springer. This book was released on 2006-06-16 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the disastrous economic consequences of pseudo lending for pseudo reforms that occurred when the IMF, as a representative of the West, pretended to aid the transition economy of post-communist Russia through stabilization while the Russian government promised reforms.
Author :United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Publisher : ISBN 13 : Total Pages :76 pages Book Rating :4.0/5 ( download)
Book Synopsis Nominations of Yolanda Townsend Wheat, Jeffrey A. Frankel, and Charles A. Gueli by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Download or read book Nominations of Yolanda Townsend Wheat, Jeffrey A. Frankel, and Charles A. Gueli written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1997 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hearing Before the Committee on Banking, Housing & Urban Affairs, United States Senate, One Hundred Fifth Congress, First Session, on Nominations of Yolanda Townsend Wheat, of Missouri, to Be a Member of the National Credit Union Administration Board; Jeffrey A. Frankel of California, to Be a Member of the Council of Economic Advisors; Charles A. Gueli, of Maryland, to Be a Member of the Board of Directors of the National Institute of Building Sciences.
Book Synopsis Central Banking, Monetary Policy and Social Responsibility by : Vallet, Guillaume
Download or read book Central Banking, Monetary Policy and Social Responsibility written by Vallet, Guillaume and published by Edward Elgar Publishing. This book was released on 2022-08-18 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and social responsibility as central banks wake up to new realities
Book Synopsis International Finance by : Dilip Das
Download or read book International Finance written by Dilip Das and published by Routledge. This book was released on 2003-09-02 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this updated fourth edition, author Maurice Levi successfully integrates both the micro and macro aspects of international finance. He sucessfully explores managerial issues and focuses on problems arising from financial trading relations between nations, whilst covering key topics such as: * organization of foreign exchange markets * determination of exchange rates * the fundamental principles of international finance * foreign exchange risk and exposure * fixed and flexible exchange rates. This impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years, this book will prove essential reading for students of economics and business.
Book Synopsis International Finance by : Dilip Das
Download or read book International Finance written by Dilip Das and published by Routledge. This book was released on 2003-09-02 with total page 637 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this updated fourth edition, author Maurice Levi successfully integrates both the micro and macro aspects of international finance. He sucessfully explores managerial issues and focuses on problems arising from financial trading relations between nations, whilst covering key topics such as: * organization of foreign exchange markets * determination of exchange rates * the fundamental principles of international finance * foreign exchange risk and exposure * fixed and flexible exchange rates. This impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years, this book will prove essential reading for students of economics and business.
Book Synopsis What Do German Short-term Interest Rates Tell Us about Future Inflation? by : Harald Grech
Download or read book What Do German Short-term Interest Rates Tell Us about Future Inflation? written by Harald Grech and published by . This book was released on 2004 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Cyclical Behavior of the Term Structure of Interest Rates by : Reuben A. Kessel
Download or read book The Cyclical Behavior of the Term Structure of Interest Rates written by Reuben A. Kessel and published by . This book was released on 1965 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Review written by and published by . This book was released on 2001 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inflation Expectations by : Peter J. N. Sinclair
Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
Book Synopsis Forward Interest Rates as Indicators of Inflation Expectations by : Paul Söderlind
Download or read book Forward Interest Rates as Indicators of Inflation Expectations written by Paul Söderlind and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
