Deflation and the Fisher equation
So, according to Irving Fisher, one reason to worry about deflation is that the federal funds rate is expected to be held near zero as the economy grows out of this recession.
Determinants of the Real Rate of Return: Evidence from Cross-Country Panel Data
This chapter analyzes the determinants of the ex ante real rate of return on bank deposits and equity. In the case of bank deposit rates, robust results include the lack of significance of money growth and a moderate role of foreign variables, with no significant role in particular for the world interest rate. In the case of stock returns, foreign variables also play a moderate role, with some international prices entering the regressions significantly and the world interest rate being statistically insignificant. This chapter also examines the effect of inflation on the unexplained component of equity returns. Current inflation is found not to have a significant effect on unexpected stock returns, which is consistent with the notion that equity provides a good hedge against inflation. Unexpected stock returns appear to react to contemporaneous information about foreign variables, albeit in ways that depend on the econometric specification of the model.
Women and Gender in Islam: Historical Roots of a Modern Debate
PART I: The Pre-Islamic Middle East Chapter 1 Mesopotamia Chapter 2 The Mediterranean Middle East PART II: Founding Discourses Chapter 3 Women and the Rise of Islam Chapter 4 The Transitional Age Chapter 5 Elaboration of the Founding Discourses Chapter 6 Medieval Islam PART III: New Discourses Chapter 7 Social and Intellectual Change Chapter 8 The Discourse of the Veil Chapter 9 The First Feminists Chapter 10 Divergent Voices Chapter 11 The Struggle for the Future Conclusion Notes Index.