This paper examines three empirical measures of the ex ante 10-year real interest rate: inflation-indexed government … bond yields and two Fisher-hypothesis proxies based on survey inflation expectations and a shifting endpoint econometric …

This paper examines the relationship between nominal interest rate and the expected inflation rate for the Turkish … economy between 2002 and 2009, a period when the inflation-targeting regime was implemented as monetary policy. We use the … actually influenced the real long-term interest rates; the inflation targeting regime pursued by the Central Bank of Turkey is …

If monetary policy succeeds in keeping average inflation very low, nominal interest rates may occasionally be … distortions from the zero bound. If policy imparts persistence into the inflation rate, the real implications of the zero bound …

This paper analyses the persistence of inflation in post-communist Russia, with interest rate, exchange rate, and money … the context of Russia that the official interest rate has reacted more to exchange rate changes than reacting to inflation …, thereby keeping inflation as a persistent problem. This implies a need to have a "flexible targeting rule" for inflation so as …

is stronger for countries with higher average inflation or debt …

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 …

different approaches, and look at the effects on main macroeconomic variables, with a special focus on inflation. By and large …, the impact of unconventional monetary policy shocks on inflation is found to be significantly positive across studies and …

different approaches, and look at the effects on main macroeconomic variables, with a special focus on inflation. By and large …, the impact of unconventional monetary policy shocks on inflation is found to be significantly positive across studies and …

This paper proposes that there is a dynamic relationship between interest and inflation rates that are jointly … inflation and interest rates wherein causality runs from inflation to interest rates. By contrast, the Wicksell process is the … negative relationship between the two rates with causality from interest to inflation rates. While Fisher and Wicksell theories …

This paper uses the Fisher equation relating the nominal interest rate to the real interest rate and expected inflation … returns from holding real assets and cash are equalized. When inflation expectations decline, the return to holding cash rises … out of a misplaced fear of inflation in the summer of 2008 when the economy was already contracting rapidly. Using stock …