short-term interest rate, inflation, the growth of industrial production, and the government debt ratio. The results show …

rate is the key determinant of the long-term interest rate, while the rate of core inflation and the pace of economic …-term interest rates, the rate of inflation, the pace of economic activity, and the fiscal balance ratio on long-term interest rates …

We use two market-based measures of inflation compensation to explore the transmission mechanism of monetary policy to … inflation markets. New information about the Fed's monetary policy stance becomes available on the days of meetings of the … Federal Open Market Committee (FOMC) and is reflected in asset prices. We measure the sensitivity of inflation compensation …

We show theoretically that inflation disagreement drives a wedge between real and nominal yields and raises their … levels and volatilities. We demonstrate empirically that an inflation disagreement increase of one standard deviation raises … real and nominal yields and their volatilities, break-even inflation, and the inflation risk premium by at least 30% of …

We show that inflation disagreement, not just expected inflation, has an impact on nominal interest rates. In contrast … to expected inflation, which mainly affects the wedge between real and nominal yields, inflation disagreement affects … inflation disagreement raises real and nominal yields and their volatilities. Inflation disagreement is positively related to …