This paper investigates the effects of inflation news coverage on market-based inflation expectations and outcomes in the inflation-protected securities market.
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t
Do euro area inflation expectations remain well-anchored? This paper finds that the protracted period of low (and below-target) inflation in the euro area since
In recent years, term premia have been very low and sometimes even negative. Now, with the United States economy growing above potential, inflationary pressures
Academic finance has had a remarkable impact on many financial services. Yet long-term investors have received curiously little guidance from academic financial