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Granular Expectation Shocks and International Financial Contagion

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International Trade and Industrial Policy in a Changing World

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Pricing Under Distress

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Big Data and A.I.

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Sabine Bey

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Pablo Barrio

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Amarendra Mohan

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Définitions

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n

Neutral rate

The theoretical level of the interest rate at which monetary inflation neither accelerates nor slows.

p

Pari passu

Financing clause that grants equal rights to all creditors. The debtor/issuer undertakes to treat all creditors of the same rank equally.

p

Purchasing power

The amount of goods and services that can be purchased with income; it therefore depends on both the level of income and the level of prices.

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