. Inflation may be positive throughout, so the absence of deflation is not evidence against a liquidity trap. Output, on the other …

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 …

rates, and the shift in the response of the term structure of interest rates to inflation and output. Although the theory …

This paper examines empirically what the term structure of interest rates tells us about future inflation. The evidence … indicates that the information in the term structure about the future path of inflation is quite different at the shortest end … future path of inflation. On the other hand at this end of the term structure, the results do indicate that the term …

nominal interest rates and expected price inflation, portfolio behavior is the most plausibly flexible in the short run. Since … with expected inflation. Given the importance of this adjustment for questions of both monetary theory and monetary policy … evidence that lenders' portfolio behavior does play an important role in the expected-price-inflation/nominal-interest rate …

external instruments produce responses in output and inflation consistent with both textbook theory and conventional monetary …

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 …