Inflation has been below the Federal Reserve's target for much of the past 20 years, creating worries that inflation … forecasters, household and business surveys, and the market for Treasury inflation protected securities (TIPS) to estimate long …-run inflation expectations. These have fallen notably in the past few years (to roughly 1.9 percent for CPI inflation, well below …

This paper incorporates market-based inflation expectations to the growing literature on trend inflation estimation … using different measures of long-term inflation expectations in the estimation, both market-based and surveys. That evidence …, and finds that there has been a significant decline in euro area trend inflation since 2013. This finding is robust to …

countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the …A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of … scope of indexation in their economies. This paper surveys debt management, monetary policy, and welfare arguments on the …

Upward sloping yield curves are hard to reconcile with the positive association between income and inflation (the … Phillips curve) in consumption-based asset pricing models. Using US and UK data, this paper shows inflation is negatively … the importance of monetary policy, predicting that a permanently low growth and low inflation environment would …

-term liquidity effects, where monetary costs act as transaction costs and the quantity theory of money is verified …

growth, inflation, and monetary policy, and an inflation surprise could require monetary policy to tighten faster than …