Related papers: Interest Rates and Inflation
The Convolution and Master equations governing the time behavior of the term structure of Interest Rates are set up both for continuous variables and for their discretised forms. The notion of Seed is introduced. The discretised theoretical…
The basic workings of inflationary models are summarized, along with the arguments that strongly suggest that our universe is the product of inflation. The mechanisms that lead to eternal inflation in both new and chaotic models are…
In this paper, we establish a market model for the term structure of forward inflation rates based on the risk-neutral dynamics of nominal and real zero-coupon bonds. Under the market model, we can price inflation caplets as well as…
The relationship between inflation and predictors such as unemployment is potentially nonlinear with a strength that varies over time, and prediction errors error may be subject to large, asymmetric shocks. Inspired by these concerns, we…
I will discuss the development of inflationary theory and its present status, including recent progress in describing de Sitter space and inflationary universe in string theory.
In construction of an inflationary model, one usually assumes that the matter sector of the gravitational action is minimally coupled to the background. It means that the matter (inflaton) part of the action is coupled with the same metric…
We point out that a simple inflationary model in which the axionic inflaton couples to a pure Yang-Mills theory may give the scalar spectral index (n_s) and tensor-to-scalar ratio (r) in complete agreement with the current observational…
Using the latest observational data, we constrain the inflationary dynamics and the subsequent reheating epoch. Predictions for both phases can be significantly improved by employing numerically computed results compared to the slow-roll…
This paper assesses the link between central bank's policy rate, inflation rate and output gap through Taylor rule equation in both United States and United Kingdom from 1990 to 2020. Also, it analyses the relationship between monetary…
We review the theory of inflation with single and multiple fields paying particular attention to the dynamics of adiabatic and entropy/isocurvature perturbations which provide the primary means of testing inflationary models. We review the…
A theoretical self-sustainable economic model is established based on the fundamental factors of production, consumption, reservation and reinvestment, where currency is set as a unconditional credit symbol serving as transaction equivalent…
I review the present status of the problem of initial conditions for inflation and describe several ways to solve this problem for many popular inflationary models, including the recent generation of the models with plateau potentials…
Monetary inflation is a sustained increase in the money supply than can result in price inflation, which is a rise in the general level of prices of goods and services. The objectives of this paper were to develop economic models to (1)…
This paper discusses models of inflation based on global supersymmetry. It is shown that there are parameter ranges, consisent with observational constraints, for which warm inflation occurs and supergravity effects can be neglected. There…
We prove an exact relation between the tensor and the scalar primordial power spectra generated during inflation. Such a mapping considerably simplifies the derivation of any power spectra as they can be obtained from the study of the…
We present a family of models for the term structure of interest rates which describe the interest rate curve as a stochastic process in a Hilbert space. We start by decomposing the deformations of the term structure into the variations of…
In this paper we give complete results on the presence of Shift, Slope and Curvature for a correlation model of interest rates, by improving and extending the content of a previous paper on the subject. We get our goal essentially…
We explore the correlations between correlation functions of the primordial curvature perturbation produced during inflation. We find that for general single field inflation, other than the source terms which depend on the model details,…
In this survey paper we discuss recent advances on short interest rate models which can be formulated in terms of a stochastic differential equation for the instantaneous interest rate (also called short rate) or a system of such equations…
We present a simple, nearly model-independent estimate that yields the predictions of the simplest inflationary and ekpyrotic/cyclic models for the spectral tilt of the primordial density inhomogeneities. Remarkably, we find that the…