Inflation and Deflation - Publications - Faculty & Research

01 Apr 2019
What Do You Think?

Does Our Bias Against Federal Deficits Need Rethinking?

accompanied by lower inflation and interest rates—that justify deficit spending to produce both economic growth and social programs designed to improve our quality of life... View Details

Keywords: by James Heskett

11 Oct 2016
First Look

October 11, 2016

Wenxin, and Jesse Schreger Abstract—Nominal debt provides consumption-smoothing benefits if it can be inflated away during recessions. However, we document empirically that countries with more... View Details

Keywords: Sean Silverthorne

10 Feb 2009
First Look

First Look: February 10, 2009

Working PapersInflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds Authors:John Y. Campbell, Adi Sunderam, and Luis M. Viceira Abstract The covariance between U.S. Treasury bond returns... View Details

Keywords: Martha Lagace

01 Mar 2015
News

Ask the Expert: Inside the Fed

suspect that the economists at the Boston Fed might say that a weaker EU economy suggests somewhat weaker US growth, since many US exporters depend on sales to the EU region. The oil price outlook matters, too, because it affects both the path of View Details

Keywords: Executive, Legislative, and Other General Government Support; Executive, Legislative, and Other General Government Support; Executive, Legislative, and Other General Government Support; Executive, Legislative, and Other General Government Support

02 Feb 2010
First Look

First Look: Feb. 2

and Finance (forthcoming). (Also Harvard Business School Working Paper No. 05-053 and NBER Working Paper No. 13131.) Abstract The main arguments in favor of and against nominal... View Details

Keywords: Martha Lagace

02 Jun 2010
First Look

First Look: June 2

is considered where firms internalize the regret costs that consumers experience when they see an unexpected price change. Regret costs are assumed to be increasing in the size of price changes and this can explain why the size of price... View Details

Keywords: Martha Lagace

11 Apr 2017
First Look

First Look at New Research, April 11

been driven by both global capital markets integration and increased cross-country correlations of inflation shocks that determine the real cash flows of nominal government bonds. Therefore, despite the... View Details

08 Oct 2013
First Look

First Look: October 8

differential between inflation-indexed and nominal bond yields, we separately test for time-varying real rate risk premia, inflation risk premia, and liquidity premia in U.S.... View Details

Keywords: Sean Silverthorne

10 Jul 2000
Research & Ideas

The State of the Markets

the Internet," he concluded. "This will favor the cheapest suppliers and keenest buyers and thus hold down prices and inflation while... View Details

Keywords: by James E. Aisner

07 Sep 2011
First Look

First Look: Sept. 7

April 2008, economic conditions in Europe appeared to be deteriorating on almost all fronts: sales figures were falling, business and consumer confidence was slumping, forecasts for European growth were being revised downward, View Details

Keywords: Sean Silverthorne

01 Jun 2011
News

An Economy Undermined

fact, stocks on average did not rise at all in the 1970s. Productivity grew more slowly in the ensuing thirty years than it had for any prolonged period since the 1800s. My class’s first decade out from HBS was marked by economic and... View Details

Keywords: Jeff Madrick; Finance

10 Jan 2012
First Look

First Look: January 10

bonds varies predictably over time. We also find strong evidence that the spread between the nominal and the real bond risk premium, or the breakeven inflation risk premium, also varies over time. We argue... View Details

Keywords: Sean Silverthorne

05 Jul 2011
First Look

First Look: July 5

Working PapersTo Groupon or Not to Groupon: The Profitability of Deep Discounts Authors:Benjamin Edelman, Sonia Jaffe, and Scott Duke Kominers Abstract We examine the profitability and implications of... View Details

Keywords: Sean Silverthorne

18 Dec 2007
First Look

First Look: December 18, 2007

Working PapersHappiness, Contentment and Other Emotions for Central Banks Authors:Rafael Di Tella and Robert MacCulloch Abstract We show that data on satisfaction with life from over 600,000 Europeans are... View Details

Keywords: Martha Lagace

01 Mar 2016
News

Off Script

(Thinkstock) Prescription drug spending increased by more than 13 percent in the United States in 2014, raising health insurance premiums and the ire of consumers and politicians. The reasons behind the rise... View Details

Keywords: Insurance Carriers and Related Activities; Insurance Carriers and Related Activities

11 Jun 2012
Research & Ideas

When Business Competition Harms Society

Last winter, a senior admissions officer at Claremont McKenna College resigned, after admitting to inflating reported SAT scores of the incoming class for six years and sending the falsified reports to U.S.... View Details

Keywords: by Carmen Nobel; Auto

26 Feb 2008
First Look

First Look: February 26, 2008

correlated with the level of income, the welfare state and (weakly) with life expectancy; they are negatively correlated with the average number of hours worked, environmental degradation (measured by SOx emissions), crime, openness to... View Details

Keywords: Martha Lagace

06 Sep 2016
First Look

September 6, 2016

Final-Offer Arbitration Challenge Gives Negotiators a Valuable New Tool By: Bazerman, Max H., and Daniel Kahneman Abstract—In legal disputes, contested insurance claims, and similarly adversarial... View Details

Keywords: Carmen Nobel

07 Jul 2010
First Look

First Look: July 7

had ended decades of virtual civil war and strengthened the business climate, but he faced tough economic challenges. Though he had instituted prominent market reforms and brought View Details

Keywords: Martha Lagace