In monetary models where M0 has no social costs and a positive demand for cash and deposits is taken as a primitive, we show that the compensating variation in endowment is the exact general equilibrium measure of welfare ...

During the second half of the 2000s, the world experienced a rapid and substantial rise in commodity prices. This shock posed complex challenges for monetary policy, in particular because of the significant increase in ...

We consider the eternal inflation scenario of the slow-roll/chaotic type with the additional element of an objective collapse of the wave function. The incorporation of this new agent to the traditional inflationary setting ...

I study a model which describes the birth of the universe using a global topological phase transition with a complex manifold where the time, τ, is considered as a complex variable. Before the big bang τ is a purely imaginary ...

We study the production of observable primordial local non-Gaussianity in two opposite regimes of canonical single field inflation: attractor (standard single field slow-roll inflation) and non attractor (ultra slow-roll ...

In a recent thought-provoking paper, Ball and Sheridan [Ball, L., Sheridan, N., 2005. Does inflation targeting matter? In: Bernanke, B.S., Woodford, M. (Eds.), The Inflation-Targeting Debate, University of Chicago Press] ...

This work has as central theme the Inflated Modified Power Series Distributions, where the objective is to study its main properties and the applicability in the bayesian context. This class of models includes the generalized ...

Stated preference valuation surveys often ask respondents for periodical payments, sometimes for the remaining life of the individuals. Questionnaires do not usually specify whether those payments would vary according to ...

In this paper we show that economies that adopted the inflation targeting (IT) regime have been able to "disinflate" less costly. The effect of IT on the sacrifice ratio is not only statistically significant, but also ...