Related papers: Interest Rates and Inflation
A new family of inflationary models is introduced and analysed. The behaviour of the parameters characterising the models suggest preferred values, which generate the most interesting testable predictions. Results are further improved if…
This note examines the influence of covariance inflation on the distance between the measured observation and the simulated (or predicted) observation with respect to the state estimate. In order for the aforementioned distance to be…
The subject of this study is inflation, a problem that has plagued America and the world over the last several decades. Despite a rich trove of scholarly studies and a wide range of tools developed to deal with inflation, we are nowhere…
It is shown that a large class of higher-order (i.e. non-quadratic) scalar kinetic terms can, without the help of potential terms, drive an inflationary evolution starting from rather generic initial conditions. In many models, this…
In the late 90's, after severe financial and economic crisis, accompanied by inflation and exchange rate instability, Eastern Europe emerged into two groups of countries with radically contrasting monetary regimes (Currency Boards and…
I explore properties of the inflationary flow equations. I show that the flow equations do not correspond directly to inflationary dynamics. Nevertheless, they can be used as a rather complicated algorithm for generating inflationary…
We consider an inflationary scenario where the rate of inflaton roll defined by $\ddot\phi/H\dot \phi$ remains constant. The rate of roll is small for slow-roll inflation, while a generic rate of roll leads to the interesting case of…
The pair correlations of primitive inflation rules are analysed via their exact renormalisation relations. We introduce the inflation displacement algebra that is generated by the Fourier matrix of the inflation and deduce various…
The manipulation of LIBOR by a group of banks became one of the major blows to the remaining confidence in financial industry. Yet, despite an enormous amount of popular literature on the subject, rigorous time-series studies are few. In my…
In the present paper, an empirical study of LIBOR (London Interbank Offered Rate) data is presented. In particular, a data set of interest rates from 1997 to 1999, for two different currencies and various maturities, is analyzed. It turns…
The paper tests the validity of the critique of the fiscal theory of the price level. A stochastic general equilibrium model with continuous time is constructed. An active fiscal policy and a passive monetary policy have been set. Monetary…
A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor force. The link between the involved variables is a linear one with all coefficients of individual and generalized models…
The stochastic inflation program is a framework for understanding the dynamics of a quantum scalar field driving an inflationary phase. Though widely used and accepted, there have over recent years been serious criticisms of this theory. In…
We revisit the inflection point inflation with an extended discussion to large field values and consider the reheating effects on the inflationary predictions. Parametrizing the reheating dynamics in terms of the reheating temperature and…
The reheating process in inflationary universe models is considered as an out-of-equilibrium mixture of two interacting and reacting fluids, and studied within the framework of causal, irreversible thermodynamics. The evolution of the…
This paper analyzes the empirical relationship between the inflation rate and its proximate determinants in Argentina, using quarterly data over the period 2004-2022 and an error-correction vector model approach. Unlike previous literature,…
We introduce a double/debiased machine learning estimator for the impulse response function in settings where a time series of interest is subjected to multiple discrete treatments, assigned over time, which can have a causal effect on…
Inflation is the currently accepted paradigm for the beginnings of the Universe. To explain the observed almost scale invariant spectrum of density perturbations with only a slight spectral tilt, inflation must have been "slow roll", that…
We calculate the decay rate for a state prepared in a thermal density matrix centered on a metastable ground state. We find a rate that is intrinsically time {\it dependent}, as opposed to the {\it constant} rates of previous works. The…
In this work, focused on the production of exact inflationary solutions using dimensional analysis, it is shown how to explain inflation from a pragmatic and basic point of view, in a step-by-step process, starting from the one-dimensional…