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 …

activity and inflation and present new evidence, using both a relatively unrestricted factor-augmented vector autoregression … activity and inflation in recent decades as compared to the effects before 1980. Our analysis suggests that these shifts are …

autonomy and exchange rate stability has influenced inflation and inflation volatility, though not in a consistent manner …

The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market … policy and its impact on real and financial sectors, it does not preclude the use of inflation targeting as a policy regime …

as UIP(Uncovered Interest Rate Parity), Gold price as a prediction of inflation and international transmission of …

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 …

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. …