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My first essay uses inflation expectation proxies derived from the term structure for the estimation of a forward-looking Phillips curve. My second paper deals with the predictive power of the term structure regarding future changes in monetary policy. My third essay considers a simultaneous New Keynesian model of inflation, output and monetary policy. The Tradeoff between Inflation and the Real Economy, Forward-Looking Behavior and the Inflation Premium (with Richard Startz)In this paper we use the inflation premium as an alternative proxy for expected inflation in the context of the New Keynesian Phillips Curve...
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