For expectations of price inflation to affect interest rates, they must affect the behavior of borrowers and lenders or … both. This paper analyzes the emergence of the inflation premium in long-term interest rates as the explicit result of … to estimate the magnitude of the inflation premium due to this portfolio behavior but also to evaluate the respective …

For expectations of price inflation to affect interest rates, they must affect the behavior of borrowers and lenders or … both. This paper analyzes the emergence of the inflation premium in long-term interest rates as the explicit result of … to estimate the magnitude of the inflation premium due to this portfolio behavior but also to evaluate the respective …

We consider what, if any, relationship there is between monetary aggregates and inflation, and whether there is any … paribus unitary relationship between inflation and money growth. Simulations of a New Keynesian model suggest that we should … allowance needed for the phase shift in the relationship between monetary growth rates and inflation. While financial innovation …