Inflation news in Australia: its effects on exchange rates and interest rates

Interest Rates, ECB Communication and Inflation Expectations

Guiding and anchoring inflation expectations of the public are key tasks of modern central banks. In this paper we investigate how the European Central Bank (ECB) influences inflation expectations of professional forecasters. We argue that it is a good sign that interest rate changes as such are not significant in explaining inflation expectations: The ECB has been able to prepare professional ...

The Impact of Exchange Rates on Inflation in Nigeria (1981-2015)

The main goal of this study is to investigate the impact of information and communication technology (ICT) on human development in the six Gulf Cooperation Council countries (GCC), particularly, the effect of ICT development index on the three-key component of human development; income, health, and education. The study focused on the years 2005-2014. Based on the theoretical background explaine...

Nonlinearity In Exchange Rates and Forecasting

Why Are Inflation and Real Interest Rates So Low? A Mechanism of Low and Floating Real Interest and Inflation Rates

Real interest and inflation rates have been very low in many industrialized countries since the Great Recession. In this paper, a mechanism of low and floating real interest and inflation rates is examined based on the concept a “Nash equilibrium of a Pareto inefficient path” and the law of motion for trend inflation. I show that, because the link between the marginal product of capital and the...

Long-Term Interest Rates and Inflation: A Fisherian Approach

I n recent years, Federal Reserve (Fed) policymakers have come to rely on long-term bond yields to measure the public’s long-term inflationary expectations. The long-term bond rate plays a central role in Goodfriend’s (1993) narrative account of Fed behavior, 1979–1992, which links policyrelated movements in the federal funds rate to changes in the yield on long-term U.S. Treasury bonds. Accord...