Essays on the Relationship Between Interest Rates and Inflationary Expectations |
Common terms and phrases
adaptive expectations analysis assume assumption Bank of America bank's bankers Cagan model chapter coefficient Correl Dmm2 depend distributed lag distributed lag model Dmml economists effect empirical equilibrium estimating the Fisher exogenous expectations formation process expected rate feedback forecasting model final equation Fisher equation forecast Fed given holding period implies inflation forecasting inflation rates inflationary expectations initial result invested investors lag structures liquidity premium long-term market m-period measure monetary base monetary expansion monetary policy money stock multiplier nominal interest rate nominal rate past prices possible price controls price expectations price index price level problem rate of appreciation rate of inflation rate of monetary rate of return rational expectations real money balances real rate real return relationship research departments return on bonds return on capital role stability conditions survey data tangible wealth term structure tion transaction costs variables variance zero