variables - indicators of real activity, inflation and financial conditions - as well as latent factors, as drivers of term …

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

. Potential output is seen as sustainable; yet experience indicates that output may be on an unsustainable path even if inflation …

This paper revisits the equilibrium and welfare effects of long-run inflation in the presence of distortionary taxes … and financial constraints. Expected inflation interacts with corporate taxation through the deductibility of i) capital … expenditures at historical value and ii) interest payments on debt. Through the first channel, inflation increases firms' taxable …

Iceland was a high inflation country from the second half of the seventies and until the middle of the eighties. During … the middle of the nineties inflation in Iceland, at less than 2% p.a., was among the lowest in the OECD. In this paper we … analyse the roots of high inflation in Iceland and the subsequent disinflation episode. We find that high inflation in Iceland …

inflation to the forefront of policy concerns. Those concerns will only grow as aging populations increase demands on government … fiscal deficits directly affect inflation. The paper begins by pointing out similarities and differences between the Weimar … inflation and explains why these fiscal effects are difficult to detect in time series data …