Stabilisation budgétaire dans l'UEM : Proposition d'un mécanisme automatique
Since the EMU members have abandoned their national monetary policies and their exchange rate such as adjustment mechanisms, they search a solution to protect them from shocks, and especially from country-specific shocks.
Stock Prices, Inflation and the Out-of-Sample predictability of Stock Market Returns
This paper considers a new perspective on the relationship between stock prices and inflation, by estimating the common long-term trend in real stock prices, as reflected in the earning-price ratio, and both expected and realized inflation.
Stock prices-inflation puzzle and the predictability of stock market returns
This paper considers a new perspective on the relationship between stock prices and inflation, by estimating the common long-term trend in the earning-price ratio and inflation.