determine inflation in this regime, so I base the analysis on the fiscal theory of the price level. I find that monetary policy … can peg the nominal rate, and determine expected inflation. With sticky prices, monetary policy can also affect real … interest rates and output, though higher interest rates raise output and then inflation. The conventional sign requires a …

temporarily raises long term rates and influences inflation would lead one to predict a negative long rate response …

, including portfolio theory, accounting, cost of capital, capital structure, compensation, and macroeconomics …