, and the inflation risk premium to price inflation-indexed derivatives, including zero-coupon inflation-indexed swaps, year …-on-year inflation-indexed swaps, inflation-indexed swaptions, and inflation-indexed caps and floors. We provide an example and explain … how to use traded zero-coupon inflation-indexed swap rates to estimate inflation risk premiums. …

system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …

Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to … avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers …, despite their dislike of inflation, may nevertheless choose to adopt accommodative policies. It emphasizes the role of …

gereicht hätte, um die Inflationsrisiken zu begrenzen. Statt mit Augenmaß die Inflation in Schach zu halten, droht die EZB mit …

smoothing spline methodology. The real term structure allows computation of the constant-maturity inflation compensation, which … is compared with the surveyed inflation expectations in order to obtain a rough measure of the inflation risk premium …. The comparison between the inflation compensation and the inflation swap shows that the two variables are closely …

In this article, we start by briefly reviewing the approach proposed by Jarrow and Yildirim for modelling inflation and … nominal rates in a consistent way. Their methodology is applied to the pricing of general inflation-indexed swaps and options …. We then introduce two different market model approaches to price inflation swaps, caps and floors. Analytical formulae …

levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …

, the effects on inflation and output volatility in the event of demand and cost-push shocks are minimal. Financially …