returns on nominal bonds, the covariation of realized real interest rates and real asset returns with inflation, and the … ability of nominal interest rates to predict inflation and nominal stock returns …

returns on nominal bonds, the covariation of realized real interest rates and real asset returns with inflation, and the … ability of nominal interest rates to predict inflation and nominal stock returns …

disturbances to the money market, the variance of output is shown to be an increasing function of the trend inflation rate. When … they result from disturbances to the goods market, the variance of output is a decreasing function of the trend inflation … rate. When both disturbances are significant, there exists, in general, a critical non-zero trend inflation rate that …

This paper is part of a dialogue with Blair Fix on how inflation redistributes income between creditors and workers and … the way in which monetary policy affects this process. In his 2023 paper, 'Inflation! The Battle Between Creditors and … Workers', Fix shows, first, that the impact of U.S. inflation on creditor-worker distribution has been historically contingent …