responds to inflation, output and asset prices in the presence of productivity shocks, monetary policy shocks, and financial … over and above the inflation and output outlook in order to achieve greater macroeconomic and financial stability. This …

developments. We introduce a Taylor rule reacting to stock price growth rates along with inflation and output gap in a New …

are "highly complementary and mutually consistent objectives" in a flexible inflation targeting regime which - dictates … inflation. - (BG, 1999, p.18). This conclusion is straightforward within the variant of the NK-DSGE framework used by BG in … which asset inflation shows up as a factor "augmenting" the IS curve. In the present paper, we pursue a different modelling …

We analyze empirical links between the perceived tail-risk of inflation, the policy rate, longer-term interest rates … always in reaction to Fed announcements; and, (v) our impulse responses demonstrate that odds of extreme inflation outcomes …

changes in the expected inflation and output gaps and financial uncertainty …

. On the other hand, simple rules expressed in terms of forecasts to next period's inflation rate seem to perform …