debated. Using a cointegrated VAR model of US treasury yields, this paper extends a common approach to test the theory. If, as …

debated. Using a cointegrated VAR model of US treasury yields, this paper extends a common approach to test the theory. If, as …

This paper studies how inflation as a macroeconomic indicator affects nominal bond prices. I consider an economy with a … shocks. It follows that a switch in the regime state affecting the covariance of inflation and consumption growth can be …

Zinsentwicklungen kein separater Effekt des "Quantitative Easings" der Federal Reserve auf den US-amerikanischen Zins erkennen. Im … Gegenteil, die Bilanz der EZB hat einen höheren Erklärungsgehalt für die Verläufe von Wechselkurs und Inflation als diejenige … inflation than the US-Fed balance sheet, although the ECB has, in contrast to the Fed, not conducted QE policies in the sample …

We document the real-time forecasting performance for output and inflation of the New York Fed dynamic stochastic …