Which levels of interest rates along the yield curve are consistent with stable economic activity? We use expectations at the daily frequency reflected in financial market prices to extract the state ...

This is a preview. Log in through your library . Journal Information Founded in 1969, the Journal of Money, Credit and Banking (JMCB) is a leading professional journal read and referred to by scholars ...

This is a preview. Log in through your library . Abstract The paper argues that the derivation of the aggregate demand curve in the new Keynesian literature is insufficient to provide the theoretical ...

Today every central bank is printing money by the bucket loads in an attempt to stimulate their national economies. They are following Keynesian dogma that increasing aggregate demand will spur an ...