File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Inflation, Asset Prices, and the Term Structure of Interest Rates in Monetary Economies

TitleInflation, Asset Prices, and the Term Structure of Interest Rates in Monetary Economies
Authors
Issue Date1996
Citation
Review of Financial Studies, 1996, v. 9, n. 1, p. 241-275 How to Cite?
AbstractThis article offers a tractable monetary asset pricing model. In monetary economies, the price level, inflation, asset prices, and the real and nominal interest rates bave to be determined simultaneously and in relation to each other. This link allows us to relate in closed form each of the dependent entities to the underlying real and monetary variables. Among other features of such economies, inflation can be partially nonmonetary and the real and nominal term structures can depend on fundamentally different risk factors. In one extreme, the process followed by the real term structure is independent of that followed by its nominal counterpart.
Persistent Identifierhttp://hdl.handle.net/10722/212679
ISSN
2015 Impact Factor: 3.119
2015 SCImago Journal Rankings: 9.925

 

DC FieldValueLanguage
dc.contributor.authorBakshi, Gurdip S.-
dc.contributor.authorChen, Zhiwu-
dc.date.accessioned2015-07-28T04:04:40Z-
dc.date.available2015-07-28T04:04:40Z-
dc.date.issued1996-
dc.identifier.citationReview of Financial Studies, 1996, v. 9, n. 1, p. 241-275-
dc.identifier.issn0893-9454-
dc.identifier.urihttp://hdl.handle.net/10722/212679-
dc.description.abstractThis article offers a tractable monetary asset pricing model. In monetary economies, the price level, inflation, asset prices, and the real and nominal interest rates bave to be determined simultaneously and in relation to each other. This link allows us to relate in closed form each of the dependent entities to the underlying real and monetary variables. Among other features of such economies, inflation can be partially nonmonetary and the real and nominal term structures can depend on fundamentally different risk factors. In one extreme, the process followed by the real term structure is independent of that followed by its nominal counterpart.-
dc.languageeng-
dc.relation.ispartofReview of Financial Studies-
dc.titleInflation, Asset Prices, and the Term Structure of Interest Rates in Monetary Economies-
dc.typeArticle-
dc.description.natureLink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-0030534914-
dc.identifier.volume9-
dc.identifier.issue1-
dc.identifier.spage241-
dc.identifier.epage275-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats