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Expectations and the neutrality of interest rates
Cochrane, John H. - In: Review of economic dynamics : the official journal of … 53 (2024), pp. 194-223
Persistent link: https://www.econbiz.de/10014566451
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Gazing at r-star : a hysteresis perspective
Beaudry, Paul; Kartashova, Katya; Meh, Césaire Assah - 2023 - Last updated: January 12, 2023
Many explanations for the decline in real interest rates over the last 30 years point to the role that population aging or rising income inequality plays in increasing the long-run aggregate demand for assets. Notwithstanding the importance of such factors, the starting point of this paper is to...
Persistent link: https://www.econbiz.de/10013482643
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Rules versus discretion at the Federal Reserve System : on to the second century
Friedman, Benjamin M. - In: Journal of macroeconomics 34 (2012) 3, pp. 608-615
Persistent link: https://www.econbiz.de/10009690481
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The power of helicopter money revisited : a new Keynesian perspective
Carter, Thomas J.; Mendes, Rhys R. - 2020
allow money-demand shocks to generate volatility in output and inflation, much as was the case under the money …
Persistent link: https://www.econbiz.de/10012159954
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The central banks' ability to control variability of money market interest rates : the case of inflation targeting countries
Bruna, Karel; Quang Van Tran - In: Journal of economic behavior & organization : JEBO 176 (2020), pp. 384-402
Persistent link: https://www.econbiz.de/10012431603
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Expectation-driven term structure of equity and bond yields
Zeng, Ming; Zhao, Guihai - 2022 - Last updated: May 11, 2022
inflation. Dividend strip returns are predictable, and the predictive power decreases with maturity as a result of predictable …
Persistent link: https://www.econbiz.de/10013193433
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New macroeconomic consensus and inflation targeting : Monetary Policy Committee directors' turnover in Brazil
Dias, Maria Helena Ambrosio; Teixeira, Anderson Mutter; … - In: Economia : revista da ANPEC 14 (2013) 3/4, pp. 158-170
mechanism for inflation targeting policy. It accounts for the COPOM rotation to examine COPOM's policy credibility. The … about the long run effects. The SVAR results suggest that the turnover of the COPOM board of directors affects inflation … increase their expectations about inflation, resulting in increases of the rate of change of the interest rate level. This …
Persistent link: https://www.econbiz.de/10011864874
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Inflation targeting and exchange rate volatility in emerging markets
Cabral Torres, René; Carneiro, Francisco Galrão; … - In: Empirical economics : a journal of the Institute for … 58 (2020) 2, pp. 605-626
Persistent link: https://www.econbiz.de/10012219141
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The distributional impacts of inflation-targeting strategies
Rossi, Sergio - In: Central banking, monetary policy and income distribution, (pp. 261-273). 2023
Persistent link: https://www.econbiz.de/10014330407
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Bond risk premia and Gaussian term structure models
Feunou, Bruno; Fontaine, Jean-Sébastien - 2014
Cochrane and Piazzesi (2005) show that (i) lagged forward rates improve the predictability of annual bond returns, adding to current forward rates, and that (ii) a Markovian model for monthly forward rates cannot generate the pattern of predictability in annual returns. These results stand as a...
Persistent link: https://www.econbiz.de/10010344936