goods market. One puts the price level on the vertical axis (the P - y approach); the other plots the real interest rate on …

of each inflow category to world interest rate and emerging economies' monetary and exchange rate shocks. Gross foreign …

substantially more sensitive to central bank communication around policy meetings. Short-term interest rates react three to four …

calculate riskadjusted forward interest rates. On the basis of both in and out-of-sample test results, we conclude that, given …

associated with increases in short-term interest rates. This relationship is more pronounced in regions that are less in sync …

The neo-Fisherian view does not consider a negative interest rate gap a prerequisite for boosting inflation. Instead, a … negative interest rate gap is said to lower inflation. We discuss this counterintuitive response - known as the Fisher paradox … at the lower bound on interest rates, which can be implemented in the model with interest rate rules and state …