We find strong evidence that U.S. common stocks have been a hedge against inflation from the early 1980's. We use … return and inflation showing asymmetric adjustments to the long run equilibrium …

, although this decomposition does not seem important to forecast economic activity, it is crucial to forecast inflation for most …

inflation rates. Expectations about real macroeconomic variables seem to matter more than expectations about nominal factors …Die empirische Literatur zur Zinsstruktur zeigt, dass sich langfristige Zinsen nicht - wie dies die sogenannte …

model. The inflation hike in the mid-seventies was predominantly the result of markup shocks to wages and prices, while … monetary policy's commitment to fighting inflation was largely credible. Although the Fed succeeded in bringing down inflation … in the early eighties, it had less success in lowering inflation expectations. The model suggests the mid 2000 non …

dynamics of inflation risk premia over the 1983-2013 period by allowing for time-varying market prices of inflation risk and … incorporating survey information on inflation uncertainty in the estimation. The model captures changes in premia over very diverse … periods, from the inflation scare episodes of the 1980s, when perceived inflation uncertainty was high, to the more recent …

We use a joint model of macroeconomic and term structure dynamics to estimate inflation risk premia and inflation … survey data on inflation and interest rate expectations at various future horizons, as well as term structure data from both … sufficiently developed in both monetary areas, inflation risk premia across various maturities had strikingly similar properties in …

dynamics of inflation risk premia over the 1983-2013 period by allowing for time-varying market prices of inflation risk and … incorporating survey information on inflation uncertainty in the estimation. The model captures changes in premia over very diverse … periods, from the inflation scare episodes of the 1980s, when perceived inflation uncertainty was high, to the more recent …

We use a joint model of macroeconomic and term structure dynamics to estimate inflation risk premia in the United … inflation and interest rate expectations at various future horizons, as well as term structure data from both nominal and index …-linked bonds. Our results show that, in both currency areas, inflation risk premia are relatively small, positive, and increasing …