counterintuitive inflation reversals where the effect of the interest rate peg can switch from highly inflationary to highly …

) model. Some variants of the model produce counterintuitive inflation reversals where an interest rate peg leads to sharp …

Long-term bond yields contain a risk-premium, an important part of which is compensation for inflation risks. The …

inflation surge and derives projections for the future. In 2020, the Fed took the negative prescribed rates, which were far … clearly signaled the need for tightening because of the rise of inflation, yet the Fed waited until spring 2022 to raise the … federal funds rate. With the decline of inflation over the course of 2023, the rules' prescriptions have also come down. They …