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The Inflation-Unemployment Trade-off at Low Inflation / / Luca Ricci, Pierpaolo Benigno
| The Inflation-Unemployment Trade-off at Low Inflation / / Luca Ricci, Pierpaolo Benigno |
| Autore | Ricci Luca |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (48 p.) |
| Disciplina | 338.495 |
| Altri autori (Persone) | BenignoPierpaolo |
| Collana | IMF Working Papers |
| Soggetto topico |
Unemployment - Effect of inflation on
Inflation (Finance) Inflation Labor Price Level Deflation Wages, Compensation, and Labor Costs: General Unemployment: Models, Duration, Incidence, and Job Search Wage Level and Structure Wage Differentials Labour income economics Macroeconomics Wages Wage rigidity Unemployment Unemployment rate Prices |
| ISBN |
1-4623-6688-0
1-4527-5915-4 1-282-84256-0 1-4518-7181-3 9786612842566 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Contents; 1. Introduction; 2. Overview of the Literature on Downward Wage Rigidities; 3. The Model; 4. Flexible Wages; 5. Downward Nominal Wage Rigidity; Figures; Figure 1; 6. The Phillips Curve; 6.1. Long-run Phillips Curve; Figure 2; Table 1; 6.2. Short-run Phillips Curve; 6.3. Varying the Degree of Downward Rigidities; Figure 3; Figure 4; 7. Implications for Long-run Inflation and Unemployment Volatilities; Figure 5; Figure 6; Figure 7; Figure 8; 8. Conclusions; References; A. Appendix; A.1 Derivation of Conditions; A.2 Adding the Employment Constraint |
| Record Nr. | UNINA-9910788344003321 |
Ricci Luca
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
The Inflation-Unemployment Trade-off at Low Inflation / / Luca Ricci, Pierpaolo Benigno
| The Inflation-Unemployment Trade-off at Low Inflation / / Luca Ricci, Pierpaolo Benigno |
| Autore | Ricci Luca |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (48 p.) |
| Disciplina | 338.495 |
| Altri autori (Persone) | BenignoPierpaolo |
| Collana | IMF Working Papers |
| Soggetto topico |
Unemployment - Effect of inflation on
Inflation (Finance) Deflation Income economics Inflation Labor Labour Macroeconomics Price Level Prices Unemployment rate Unemployment Unemployment: Models, Duration, Incidence, and Job Search Wage Differentials Wage Level and Structure Wage rigidity Wages Wages, Compensation, and Labor Costs: General |
| ISBN |
9786612842566
9781462366880 1462366880 9781452759159 1452759154 9781282842564 1282842560 9781451871814 1451871813 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | Contents; 1. Introduction; 2. Overview of the Literature on Downward Wage Rigidities; 3. The Model; 4. Flexible Wages; 5. Downward Nominal Wage Rigidity; Figures; Figure 1; 6. The Phillips Curve; 6.1. Long-run Phillips Curve; Figure 2; Table 1; 6.2. Short-run Phillips Curve; 6.3. Varying the Degree of Downward Rigidities; Figure 3; Figure 4; 7. Implications for Long-run Inflation and Unemployment Volatilities; Figure 5; Figure 6; Figure 7; Figure 8; 8. Conclusions; References; A. Appendix; A.1 Derivation of Conditions; A.2 Adding the Employment Constraint |
| Record Nr. | UNINA-9910961915903321 |
|
Ricci Luca
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants / / Luca Ricci, Marcos Chamon, Alejo Costa
| Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants / / Luca Ricci, Marcos Chamon, Alejo Costa |
| Autore | Ricci Luca |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (42 p.) |
| Disciplina | 332.63232 |
| Altri autori (Persone) |
ChamonMarcos
CostaAlejo |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Inflation-indexed bonds - Argentina - Econometric models
Banks and Banking Foreign Exchange Inflation Investments: General Money and Monetary Policy Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Price Level Deflation General Financial Markets: General (includes Measurement and Data) Interest Rates: Determination, Term Structure, and Effects Monetary economics Macroeconomics Investment & securities Finance Currency Foreign exchange Currencies Securities Discount rates Exchange rates Money Prices Financial instruments Discount |
| ISBN |
1-4623-0333-1
1-4527-7633-4 1-282-84063-0 1-4518-6969-X 9786612840630 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Argentine GDP-Warrants; Tables; 1. Main Economic Indicators; Figures; 1. GDP Warrants - Currency Distribution; 2. Base Level GDP and GDP Growth; 2. GPD-Linked Unit: Outstanding Value, Units of Currency and Payments; III. Market Response; IV. Theoretical Value; 3. GDP Warrants - Market Price; A. Discount Rate; B. GDP; C. Inflation and the Exchange Rate; V. Main Baseline Results for the US GDP Warrant; 3. Baseline Assumptions; 4. US GDP Warrant Theoretical Values Using Random Sampling from 1981-2007 Residuals; A. Main Factors Behind Valuation Changes
5. US GDP Warrant Premiums Using Random Sampling from 1980-2007 ResidualsB. Comparisons with Investment Bank Valuations; 6. Factors Explaining Price Changes; 7. US GDP Warrant Theoretical Value Under Average Investment Bank Assumptions and Market Prices; 8. US GDP Warrant Premiums Using Average Investment Bank Assumptions; 9. US GDP Warrant Residual Premium Under Different Scenarios; VI. Other Valuation Exercises; A. Theoretical Values for the Arg GDP Warrant; 10. Arg GDP Warrant Using Random Sampling from 1981-2007 Residuals; B. Theoretical Values for the Euro GDP Warrant C. The Effect of Exchange Rates and Inflation11. Arg GDP Warrant Premiums Using Random Sampling from 1981-2007 Residuals; 12. Euro GDP Warrant Premiums Using Random Sampling from 1981-2007 Residuals; 13. Arg GDP Warrant Theoretical Values Robustness With Respect to Inflation; D. The Effect of Growth; 4. Sensitivity on 2007/2008 Baseline Growth +/- 1.5%; 5. Sensitivity on Convergence Year; E. The Effect of Uncertainty; F. Expected Value for the Remaining Maturity; 14a. Expected Cash Flows; 14b. Distribution of Expected Effective Maturity 15 Expected Theoretical Values for the Warrants Over TimeVII. Conclusions; Appendices; 1. Investors' Survey; 2. Discounting Cash Flows; References |
| Record Nr. | UNINA-9910788245603321 |
|
Ricci Luca
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants / / Luca Ricci, Marcos Chamon, Alejo Costa
| Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants / / Luca Ricci, Marcos Chamon, Alejo Costa |
| Autore | Ricci Luca |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (42 p.) |
| Disciplina | 332.63232 |
| Altri autori (Persone) |
ChamonMarcos
CostaAlejo |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Inflation-indexed bonds - Argentina - Econometric models
Banks and Banking Currencies Currency Deflation Discount rates Discount Exchange rates Finance Financial instruments Foreign Exchange Foreign exchange General Financial Markets: General (includes Measurement and Data) Government and the Monetary System Inflation Interest Rates: Determination, Term Structure, and Effects Investment & securities Investments: General Macroeconomics Monetary economics Monetary Systems Money and Monetary Policy Money Payment Systems Price Level Prices Regimes Securities Standards |
| ISBN |
9786612840630
9781462303335 1462303331 9781452776330 1452776334 9781282840638 1282840630 9781451869699 145186969X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Argentine GDP-Warrants; Tables; 1. Main Economic Indicators; Figures; 1. GDP Warrants - Currency Distribution; 2. Base Level GDP and GDP Growth; 2. GPD-Linked Unit: Outstanding Value, Units of Currency and Payments; III. Market Response; IV. Theoretical Value; 3. GDP Warrants - Market Price; A. Discount Rate; B. GDP; C. Inflation and the Exchange Rate; V. Main Baseline Results for the US GDP Warrant; 3. Baseline Assumptions; 4. US GDP Warrant Theoretical Values Using Random Sampling from 1981-2007 Residuals; A. Main Factors Behind Valuation Changes
5. US GDP Warrant Premiums Using Random Sampling from 1980-2007 ResidualsB. Comparisons with Investment Bank Valuations; 6. Factors Explaining Price Changes; 7. US GDP Warrant Theoretical Value Under Average Investment Bank Assumptions and Market Prices; 8. US GDP Warrant Premiums Using Average Investment Bank Assumptions; 9. US GDP Warrant Residual Premium Under Different Scenarios; VI. Other Valuation Exercises; A. Theoretical Values for the Arg GDP Warrant; 10. Arg GDP Warrant Using Random Sampling from 1981-2007 Residuals; B. Theoretical Values for the Euro GDP Warrant C. The Effect of Exchange Rates and Inflation11. Arg GDP Warrant Premiums Using Random Sampling from 1981-2007 Residuals; 12. Euro GDP Warrant Premiums Using Random Sampling from 1981-2007 Residuals; 13. Arg GDP Warrant Theoretical Values Robustness With Respect to Inflation; D. The Effect of Growth; 4. Sensitivity on 2007/2008 Baseline Growth +/- 1.5%; 5. Sensitivity on Convergence Year; E. The Effect of Uncertainty; F. Expected Value for the Remaining Maturity; 14a. Expected Cash Flows; 14b. Distribution of Expected Effective Maturity 15 Expected Theoretical Values for the Warrants Over TimeVII. Conclusions; Appendices; 1. Investors' Survey; 2. Discounting Cash Flows; References |
| Record Nr. | UNINA-9910955171603321 |
|
Ricci Luca
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||