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1by Meh, Césaire A Ríos-Rull, José-Víctor Terajima, Yaz Published in Journal of monetary economics (2010)“...An unanticipated rise in the price level redistributes wealth from lenders to borrowers. Its size depends on the monetary policy regime, as inflation targeting...”
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2“...The recent financial turmoil has underlined the importance of analyzing the link between banks’ balance sheets and economic activity. We develop a dynamic...”
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3by Damar, H. Evren Meh, Césaire A Terajima, Yaz Published in Journal of financial intermediation (01.10.2013)“...Positive co-movements in bank leverage and assets are associated with leverage procyclicality. As wholesale funding allows banks to quickly adjust leverage,...”
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4“...This paper quantifies the redistributional effects of inflation in Canada that arise through the revaluation of nominal assets and liabilities. We find that...”
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5“...This paper develops a search-theoretic model to study the interaction between banking and monetary policy and how this interaction affects allocation and...”
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6by Meh, Césaire A Published in Review of economic dynamics (2005)“...This paper investigates the importance of entrepreneurship when quantifying the aggregate and distributional effects of switching from a progressive to a...”
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7by Meh, Césaire A Published in Journal of economic dynamics & control (2008)“...This paper analyzes the effects of differential tax treatment of corporate and non-corporate income in the U.S. on capital accumulation, the allocation of...”
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8“...This paper studies a general equilibrium economy in which agents have the ability to invest in a risky technology. The investment risk cannot be fully insured...”
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9by Meh, Césaire A Meh, Césaire A Terajima, Yaz Terajima, Yaz“...This paper studies the capital accumulation and welfare implications of reducing capital income taxation in a general equilibrium economy with uninsurable...”
edited by Villamil, Anne P De Nardi, Mariacristina
Published in Annals of finance (01.06.2009)
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15“...One of the most important arguments in favor of price stability is that unexpected inflation generates changes in the distribution of income and wealth among...”
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16by Cao, Shutao Meh, Césaire A Ríos-Rull, José-Víctor Terajima, Yaz Published in Journal of monetary economics“...•The money-consumption ratio is at the highest in the last 40 years, and it increases with age and decreases with consumption across households.•While lower...”
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17“...This paper quantifies the redistributional effects of inflation in Canada that arise through the revaluation of nominal assets and liabilities. We find that...”
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18“...This article examines several channels through which nominal debt contracts would affect the choice between inflation targeting and price-level targeting...”
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20“...We study a model with repeated moral hazard where financial contracts are not fully indexed to inflation because nominal prices are observed with delay as in...”