yields on long maturity inflation - indexed bonds. This relationship can be interpreted as defining the fair value of the … exchange rate that will prevail in any model or real world economy in which inflation indexed bonds are traded. An advantage of … with a 50 basis point rise in the inflation indexed bond return differential in favor of the foreign country and an 50 …

Switzerland. Even with wide differences in inflation processes across these countries, there is we find strong evidence that the … term structure does have significant forecasting ability for future changes in inflation, particularly so at long …

the measurement of capital services and connects it to the Jorgenson-Griliches (1967) paper on the "explanation of …

States became apparent. The measurement of this productivity improvement depends on hedonic procedures adopted by the Bureau …

rely on housing price capitalization. It is a computational analog to Chetty's [2009] call for considering the measurement …

Elasticity of Intertemporal Substitution (EIS). In the UK, the mortgage interest rate features discrete jumps – notches – at …

During the last quarter century, mortgage interest deductibility has been gradually phased out. In 1974 a ceiling was … set on the size of the mortgage eligible for interest deductibility (oelig;30,000 since 1983) and, beginning in 1993, the …. The penalty variables depend on the predicted probability of having a loan that exceeds the ceiling, the market mortgage …

Mortgage interest tax deductibility is needed to treat debt and equity financing of homes equally. Countries that limit … the financing response to a legislative change is complicated by the fact that lenders restrict mortgage debt to the value …

This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal … bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the … premium, or the break-even inflation risk premium, also varies over time. We argue that the time variation in real bond risk …