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Tests of the Effect of Inflation Uncertainty on Rates
Summary Statistics for the Regression
18 other sections not shown
analysis asset pricing model assumed assumption banks borrowing Canadian capital asset pricing capital market CAPM coefficient common stocks consumption corporations correlation covariance currency demand for index domestic economic Equation excess demands exchange rate exchange risk expected rate firms Fisher Fisher hypothesis fixed transactions costs foreign increase index bonds index-linked inflation rate inflationary investment investors Israel issue linked bonds market equilibrium monetary assets nominal bonds nominal interest rates nominal rate nominal returns one-period optimal percent period portfolio premium price level price vector problem purchasing power guarantees rate of inflation rate of interest rate of return real balance effect real rate real return real terms relationship relative risk aversion risky assets Sarnat securities sinking fund stagflation Table tatonnement term to maturity theoretical tion transactions costs U.S. dollar uncertain inflation uncertainty utility function variable variance-covariance matrix wage income Wiener processes yield zero