inflation and interest rate expectations at various future horizons, as well as term structure data from both nominal and index …We use a joint model of macroeconomic and term structure dynamics to estimate inflation risk premia in the United …-linked bonds. Our results show that, in both currency areas, inflation risk premia are relatively small, positive, and increasing …

, and an inflation process that has become quite insensitive to domestic slack, on the other. This two-pronged attack has …-tuning inflation and responds more systematically to the financial cycle …

of the effects of monetary policy, we show that monetary easing stimulates output and inflation, also during the period …

(inflation-adjusted) interest rates over long horizons and finds them incomplete. The role of monetary policy, and its …

policy by the U.S. Federal Reserve. Using information from out-of-money equity index options, we find that perceived risks …