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- All HBS Web (174)
- Faculty Publications (134)
Show Results For
- All HBS Web (174)
- Faculty Publications (134)
- November 2019
- Case
Floating the Exchange Rate: In Pursuit of the Chinese Dream
By: Laura Alfaro and Sarah Jeong
In the decades following 2005, China faced significant financial challenges. Inflation spiraled upwards and China’s economy stagnated in the wake of the Global Financial Crisis. The country’s leaders took an interventionist approach to weather the storm, controlling...
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Keywords:
Exchange Rate;
Inflation;
Debt;
Currency Exchange Rate;
Inflation and Deflation;
Borrowing and Debt;
China
Alfaro, Laura, and Sarah Jeong. "Floating the Exchange Rate: In Pursuit of the Chinese Dream." Harvard Business School Case 320-039, November 2019.
- June 2003
- Article
Thinking Real: Key to Financial Analysis in Deflationary Periods
By: David Hawkins
Hawkins, David. "Thinking Real: Key to Financial Analysis in Deflationary Periods." Accounting Bulletin, no. 119 (June 2003).
- 01 Jun 2012
- News
Plan B: The Brick Bank
“Expect the unexpected” could have been the tagline for FIELD 2, the global component of the new required course Field Immersion Experiences for Leadership Development (FIELD). In January, first-year student Christina Adams (HBS 2013) traveled to Ho Chi Minh City with...
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Keywords:
Julia Hanna
- Forthcoming
- Article
Large Shocks Travel Fast
By: Alberto Cavallo, Francesco Lippi and Ken Miyahara
We document a sizeable increase in the frequency of price adjustments following the large energy shocks of 2022. We use a tractable New Keynesian model, calibrated to the pre-shock data, to interpret such a pattern. The calibration highlights the state-dependence of...
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Cavallo, Alberto, Francesco Lippi, and Ken Miyahara. "Large Shocks Travel Fast." American Economic Review: Insights (forthcoming).
- June 2010
- Article
Correspondence Bias in Performance Evaluation: Why Grade Inflation Works
By: D. A. Moore, S. A. Swift, Z. S. Sharek and F. Gino
Moore, D. A., S. A. Swift, Z. S. Sharek, and F. Gino. "Correspondence Bias in Performance Evaluation: Why Grade Inflation Works." Personality and Social Psychology Bulletin 36, no. 6 (June 2010): 843–852.
- Article
Understanding Inflation-Indexed Bond Markets
By: John Y. Campbell, Robert J. Shiller and Luis M. Viceira
Campbell, John Y., Robert J. Shiller, and Luis M. Viceira. "Understanding Inflation-Indexed Bond Markets." Brookings Papers on Economic Activity (Spring 2009): 79–120.
- 14 Dec 2015
- Research & Ideas
Deflategate and the Sustained Success of the New England Patriots
human nature and organizations and performance,” Iansiti says. “The case shows that in any kind of environment, you’ve got to know your stuff. So from this perspective you can’t go ahead and accuse somebody of deflating a football without...
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- Other Unpublished Work
Inflation Uncertainty and the Wage Bargain
By: Lucy White and Hans-Joachim Voth
- April 2011 (Revised May 2013)
- Case
South Africa (A): Stuck in the Middle?
By: Richard H. K. Vietor and Diego Comin
Fifteen years after ending apartheid, formal unemployment in South Africa was still at 24%. While the country had grown at 4 to 5% annually during the 2000s, the financial crisis set it back by 1 million more unemployed. Moreover, it seemed as if the nation were stuck...
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Keywords:
Financial Crisis;
Inflation and Deflation;
Policy;
Employment;
Wages;
Competition;
South Africa
Vietor, Richard H. K., and Diego Comin. "South Africa (A): Stuck in the Middle?" Harvard Business School Case 711-084, April 2011. (Revised May 2013.)
- June 2002 (Revised March 2003)
- Case
Bolivia: Globalization, Sovereignty, or Democracy?
By: Rafael M. Di Tella, Huw Pill, Miguel Lopez de Silanes Gomez, Cinthia Fernholz Violand and Ingrid Vogel
Describes the economic stabilization program implemented by the Bolivian government in 1985 to 1986 and its impact on the development process in Bolivia.
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Keywords:
History;
Programs;
Development Economics;
Inflation and Deflation;
Globalization;
Government and Politics;
Bolivia
Di Tella, Rafael M., Huw Pill, Miguel Lopez de Silanes Gomez, Cinthia Fernholz Violand, and Ingrid Vogel. "Bolivia: Globalization, Sovereignty, or Democracy?" Harvard Business School Case 702-086, June 2002. (Revised March 2003.)
- April 2011 (Revised December 2012)
- Supplement
South Africa (B): Getting Unstuck?
By: Richard H. K. Vietor and Diego Comin
15 years after ending apartheid, formal unemployment in South Africa was still at 24%. While the country had grown at 4 to 5% annually during the 2000s, the financial crisis set it back by 1 million more unemployed. Moreover, it seemed as if the nation were stuck...
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Keywords:
Financial Crisis;
Inflation and Deflation;
Policy;
Employment;
Wages;
Competition;
South Africa
Vietor, Richard H. K., and Diego Comin. "South Africa (B): Getting Unstuck?" Harvard Business School Supplement 711-085, April 2011. (Revised December 2012.)
- 2024
- Chapter
Inflation and Misallocation in New Keynesian Models
By: Alberto Cavallo, Francesco Lippi and Ken Miyahara
The New Keynesian framework implies that sluggish price adjustment results in a distorted allocation of resources. We use a simple model to quantify these unobservable distortions, using data that depict the price-setting behavior of firms, specifically the frequency...
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Cavallo, Alberto, Francesco Lippi, and Ken Miyahara. "Inflation and Misallocation in New Keynesian Models." In ECB Forum on Central Banking 26-28 June 2023, Sintra, Portugal: Macroeconomic Stabilisation in a Volatile Inflation Environment. European Central Bank, forthcoming.
- May 2013
- Supplement
Kinyuseisaku: Monetary Policy in Japan (C)
By: Laura Alfaro and Hilary White
Assuming office in December 2012, Prime Minister Shinzo Abe was determined to revive Japan's stagnating economy through an ambitious plan known as 'Abenomics.' Under the guidance of the newly appointed governor of the central bank, Haruhiko Kuroda, the Bank of Japan...
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Keywords:
Japan;
Inflation Targeting;
Inflation;
Abenomics;
Monetary Policy;
Stimulus;
Quantitative Easing;
Government Bonds;
Macroeconomics;
Inflation and Deflation;
Money;
Economic Slowdown and Stagnation;
Japan
Alfaro, Laura, and Hilary White. "Kinyuseisaku: Monetary Policy in Japan (C)." Harvard Business School Supplement 713-086, May 2013.
- May 2023
- Case
Uruguay: South America's Singapore?
By: Richard Vietor
Uruguay, the richest country in Latin America and the only one that has not turned to the left, suffers from slow growth, high inflation and a weak education system. President Lacrolle Pou has two more years in office to reform these problems.
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- 2009
- Working Paper
Altruistic Dynamic Pricing with Customer Regret
By: Julio J. Rotemberg
A model is considered where firms internalize the regret costs that consumers experience when they see an unexpected price change. Regret costs are assumed to be increasing in the size of price changes and this can explain why the size of price increases is less...
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- 2016
- Chapter
Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity
By: Carolin E. Pflueger and Luis M. Viceira
Pflueger, Carolin E., and Luis M. Viceira. "Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity." Chap. 10 in Handbook of Fixed-Income Securities, edited by Pietro Veronesi, 191–209. Wiley Handbooks in Financial Engineering and Econometrics. Hoboken, NJ: John Wiley & Sons, 2016.
- February 2004 (Revised March 2010)
- Case
Brazil 2003: Inflation Targeting and Debt Dynamics
By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel
In October 2002, Brazilians elected a left-wing president, Luis Inacio Lula da Silva, for the first time in that country's history. As markets faltered in response, Lula sought to reaffirm his commitment to fiscal discipline, a floating exchange rate, and inflation...
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Keywords:
Economy;
Inflation and Deflation;
Money;
Borrowing and Debt;
Policy;
Emerging Markets;
Brazil
Alfaro, Laura, Rafael M. Di Tella, and Ingrid Vogel. "Brazil 2003: Inflation Targeting and Debt Dynamics." Harvard Business School Case 704-028, February 2004. (Revised March 2010.)
- March 2001
- Article
Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness
By: Rafael Di Tella, Robert MacCulloch and Andrew Oswald
Di Tella, Rafael, Robert MacCulloch, and Andrew Oswald. "Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness." American Economic Review 91, no. 1 (March 2001).
- 29 May 2006
- What Do You Think?
How Important Is the “Service Sector Effect” on Productivity?
sides can't win, with better service and more satisfied employees." On the other hand, E. Hassen cautioned, that "Before criticizing, we should examine carefully the social sector effects of wage deflation and higher...
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- December 1999 (Revised January 2003)
- Case
Standard International Inc. (A)
By: David F. Hawkins
The company top management must make a series of accounting decisions that will determine the company's quarterly income. A rewritten version of an earlier case.
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Keywords:
Financial Reporting;
Financial Statements;
Inflation and Deflation;
International Finance;
Research and Development;
Accounting Industry
Hawkins, David F. "Standard International Inc. (A)." Harvard Business School Case 100-064, December 1999. (Revised January 2003.)