The paper discusses policy relevant models, going from (1) chronic inflation in the 20th century after WWII, to (2 …

interest, inflation, currency depreciation and inflation differentials. Forward rates are related to these expected future … variables via combinations of term, inflation and foreign exchange risk premia. A unified derivation, discussion and comparison …

future path of inflation. Mishkin (1990) has recently shown that the spread between the 12-month and 3-month interest rates … helps to predict the difference between the 12-month and 3-month inflation rates. His approach however, lacks a theoretical … the problem of predicting the inflation spread. It is shown that the appropriate indicator of expected inflation can make …

short-run inflation rate. Over the last century real stock prices have shown little reaction to changes in inflation rates …

This paper develops two models, one involving risk neutrality and the other risk aversion, which suggest that inflation … evidence supports the hypothesis that inflation uncertainty affects interest rates. Interpreted in terms of the risk neutral … model, the empirical results suggest that inflation uncertainty has a negative impact on nominal interest rates and a …

housing demand during a period of accelerating inflation (l965_71l). We calculate that typical households who bought houses …

inflation on the rate of interest have implicitly ignored the existence of taxes and the problems of tax depreciation. Similarly … of inflation and have ignored the information on the rate of return that investors receive in financial markets. Our …

with expected inflation. Given the importance of this adjustment for questions of both monetary theory and monetary policy … nominal interest rates and expected price inflation, portfolio behavior is the most plausibly flexible in the short run. Since … important lenders' portfolio behavior can be in bringing about the adjustment of interest rates which Fisher's theory associates …