forecast future values of inflation and changes in industrial production in the United States and at least three core euro …

Ammer (1993). Inflation news is incorporated into the stock and bond decomposition and explicit attention is given to …-held preconceptions and confirm that inflation news volatility is a non-trivial factor in the stock and bond return decompositions. …

for the conduct of monetary policy, namely expected inflation and inflation risk premia. We solve the model using a third … hypothesis and the business-cycle behaviour of nominal interest rates in US data. We find that inflation risk premia are very … interest rates from index-linked bonds as a proxy for inflation expectations. Moreover, for short maturities current inflation …