natural rate will be more effective in avoiding secular stagnation than reducing the real rate through higher inflation …

We investigate international co-movements in bond yields by testing for uncovered interest parity. We supplement …

debt crisis can be attributed to fundamentals. We focus on the inherent uncertainty in bond yield models, which is often … countries, including Spain and Italy, the evidence is less clear cut. This calls for modesty in interpreting bond yield models …

bond yields in the European Union. Our model predicts that risk premia contained in government bond spreads should increase …

This paper investigates the role of inflation risk in a model of the price dividend ratio, combining a dynamic Gordon … model specification with the inflation-augmented capital asset pricing model (CAPM). The model is estimated for the Euro … signals of the output gap and inflation. Finally, for the U.S., the overvaluation of the price dividend ratio, derived from …