The correct modeling of the interest rates term structure should definitely be considered an aspect of primary … structure. The turbulence of the markets in recent years, with negative interest rates followed by their recent substantial rise …

deterministic interest rates and absence of inflation risk premia. The market approach seeks to eliminate these shortcomings by … combining a stochastic claims reserving model with a stochastic market model for nominal and real interest rates. The problem is …

. An increase in equity premia will therefore be accompanied by a cut in policy interest rates, even if the policy rule …

We develop a quantity-driven general equilibrium model that integrates the term structure of interest rates with the …

Galí (2014) showed that a monetary policy rule that raises interest rates in response to bubbles can paradoxically lead … interest rates aggressively enough. This result is different from the Miao, Shen and Wang (2019) comment on Galí's paper. They … equilibria, more aggressive rules involve threats to raise interest rates more than actual rate increases. …