than rules that also include current or future inflation …

TIPS and similar-maturity conventional Treasury securities to estimate changes in the market's expectation of inflation is … federal funds target rate cuts by the Federal Reserve. Near-term and longer-term inflation expectations appear to have …

interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However …

The Portfolio Theory of Inflation (PIT) proposed in this study investigates the role of global financial markets in … inflation to rise due to a large exchange rate pass-through, with limited or no impact on output. On the other hand, high … dissipated and higher inflation reflects such dissipation. …

taken by domestic agents. The Portfolio Theory of Inflation (PTI) developed in this study assumes that some critical … higher inflation, with limited or no impact on output. On the other hand, high credibility creates space for effective and …

inflation, interest rate and stock returns. It employs the Vector Auto Regressive (VAR) approach method of Lee (1992) to analyze …

tax and transfer systems. With constant primary deficits, there exist two steady-states, and the price level and inflation … in the long-run real interest rate, leading to higher inflation for any given monetary policy. Our work highlights the … role of household heterogeneity and market incompleteness in determining inflation …

interest rates, exchange rate growth, and inflation. We then decompose the Swiss long-term interest rate trend into various … decline in the level of inflation. Comparing Switzerland with the rest of the world, we show that while Swiss real interest … connection between inflation risk and the Swiss term spread, as well between relative inflation risk and the difference between …