Long-term bond yields contain a risk-premium, an important part of which is compensation for inflation risks. The …

We evaluate and compare alternative monetary policy rules, namely average inflation targeting, price level targeting …, and traditional inflation targeting rules, in a standard New Keynesian model that features recurring, transient zero lower … promotes determinacy and E-stability among the policy frameworks, whereas standard inflation targeting rules are prone to …

inflation surge and derives projections for the future. In 2020, the Fed took the negative prescribed rates, which were far … clearly signaled the need for tightening because of the rise of inflation, yet the Fed waited until spring 2022 to raise the … federal funds rate. With the decline of inflation over the course of 2023, the rules' prescriptions have also come down. They …

inflation surge and derives projections for the future. In 2020, the Fed took the negative prescribed rates, which were far … clearly signaled the need for tightening because of the rise of inflation, yet the Fed waited until spring 2022 to raise the … federal funds rate. With the decline of inflation over the course of 2023, the rules’ prescriptions have also come down. They …