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The inflation-unemployment trade-off at low inflation [[electronic resource] /] / prepared by Pierpaolo Benigno and Luca Antonio Ricci
| The inflation-unemployment trade-off at low inflation [[electronic resource] /] / prepared by Pierpaolo Benigno and Luca Antonio Ricci |
| Autore | Benigno Pierpaolo |
| Pubbl/distr/stampa | [Washington D.C.], : International Monetary Fund, 2009 |
| Descrizione fisica | 1 online resource (48 p.) |
| Disciplina | 338.495 |
| Altri autori (Persone) | RicciLuca Antonio |
| Collana | IMF working paper |
| Soggetto topico |
Unemployment - Effect of inflation on
Inflation (Finance) |
| Soggetto genere / forma | Electronic books. |
| 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-9910463609803321 |
Benigno Pierpaolo
|
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| [Washington D.C.], : International Monetary Fund, 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
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Is there a novelty premium on new financial instruments? : the Argentine experience with GDP-indexed warrants / / Alejo Costa, Marcos Chamon, and Luca Antonio Ricci
| Is there a novelty premium on new financial instruments? : the Argentine experience with GDP-indexed warrants / / Alejo Costa, Marcos Chamon, and Luca Antonio Ricci |
| Autore | Costa Alejo |
| Pubbl/distr/stampa | [Washington, District of Columbia] : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (42 p.) |
| Disciplina | 332.63232 |
| Altri autori (Persone) |
ChamonMarcos
RicciLuca Antonio |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico | Inflation-indexed bonds - Argentina - Econometric models |
| Soggetto genere / forma | Electronic books. |
| 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-9910464005803321 |
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Costa Alejo
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||
| [Washington, District of Columbia] : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||