We show that firms' nominal required returns to capital (i.e., their discount rates) are sticky with respect to expected inflation. Such nominally sticky discount rates imply that increases in ...

The market has been doing well since my last article about BST (can be read here), as the S&P 500 is up 11.01%. Since then, shares of BST have climbed 10.83%, and after the monthly distributions are ...

CBRE Global Real Estate Income Fund offers high income but faces elevated risks from global geopolitical instability and real rate regimes. IGR’s managed distribution policy relies heavily on return ...