fiscal stress in a New Keynesian model with endogenous bond risk premia. Open market debt maturity operations are non … discount rates affect inflation through the intertemporal government budget equation. When the yield curve is upward …

Equilibrium bond-pricing models rely on inflation being bad news for future growth to generate upward-sloping nominal … about inflation and growth. Ambiguity can help resolve the puzzling fact that upward-sloping yield curves have persisted … despite positive inflation shocks changing from negative to positive news about growth in the last twenty years. Investors …

We investigate the synchronization of Eurozone's government bond yields at different maturities. For this purpose, we …