the term premia is driven primarily by nominal uncertainty, i.e. the uncertainty for expected inflation and the US term …

those cases in which the central monetary authority implements an inflation targeting regime. One of the conclusions of this … is not an obstacle to successfully implement an inflation targeting scheme and that, in addition, those countries that …

time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I … posit that, while the effects of inflation are not recognized in nominal statements, such effects may have economic … consequences. I find that unrecognized inflation gains and losses help predict future cash flows as these gains and losses turn …

This paper proposes a new methodology for extracting inflation expectations from financial markets. For this purpose, a … synthetic financial asset is built whose returns are matched with the inflation rate by construction. The methodology estimates … inflation expectations are obtained. This approach clarifies the mechanisms behind a negative risk premium: an inflation …

-Board-Systeme das Zeitinkonsistenzproblem der Geldpolitik lösen, da aufgrund ihrer gesetzlichen Verankerung eine überraschende … Zeitinkonsistenz­problem der Geldpolitik dominant ist, und dies obwohl asymmetrische Schocks nicht stabilisiert werden können. Eine … participating countries. This question is especially interesting from an empirical point of view, as output growth and inflation …