of inflation, mortgage rates, and unemployment to the effects of communication about future inflation in a randomized … then provide 22 different forms of information regarding past, current and/or future inflation and interest rates … beyond one year do not have any additional impact on forecasts. Exogenous variation in inflation expectations transmits into …

long-term interest rates. Federal Reserve credibility, as evidenced by dramatic reductions in both long-term inflation …

)money supply and continuing price inflation, which together have kept real balances small in relation to prevailing levels of …

explained largely by changes in expected inflation. It presents and tests a model of expected, after-tax real interest rate … changes in anticipated inflation has been below levels anticipated by many investigators; (2) how the measured impact on … did so by an estimated 24 basis points);(4) inflation uncertainty produces no significant impact on interest rates due to …

and bond returns into changes in expectations of future stock dividends, inflation, short-term real interest rates, and … about future excess stock returns, while excess 10-year bond returns are driven largely by news about future inflation. Real …