, differences are muted by wealth effects on labor supply and by the presence of savers. More persistent shocks, such as inflation … of collateral constraints, the optimal Taylor rule is less aggressive against inflation than in the standard sticky …

countries where these securities exist, inflation expectations are sometimes estimated as the spread between the nominal yield … the same issuer. However, this indicator known as the break-even rate, may estimate inflation expectations with some …Inflation-indexed bonds are fixed-income securities whose nominal cash flows are adjusted to an inflation index. In …

European Central Bank from January 1999 until June 2000. One hypothesis attributes the overbidding to expectations of a future …

output and inflation. In particular, we evaluate the impact of the regime shift on the forecasting performance of reduced … the economy. For plausible shocks distributions the reduction in the accuracy of VAR-based inflation forecasts is …