In this paper, we evaluate the information content of the yield curve as regards future interest rates and inflation in … about the future average change in short-term rates and the future path of inflation. …

inflation dynamics across four “policy regimes” depending on: (a) the monetary policy objectives – that is, whether the policy …

return on assets is determined by incentives eliciting voluntary debt repayment. I show that the inflation rate or, more …, money is used in equilibrium and the optimal inflation rate is positive. …

We introduce a new measure called Inflation-at-Risk (I@R) associated with (left and right) tail inflation risk. We … estimate I@R using survey-based density forecasts. We show that it contains information not covered by usual inflation risk … indicators which focus on inflation uncertainty and do not distinguish between the risks of low or high future inflation outcomes …

solution, in a purely forward-looking linear Markov switching rational expectations model. We thus settle the debate between …