Title: Deriving Agents' Inflation Forecasts from the Term Structure of Interest Rates
Abstract: In this paper, the author uses the term structure of nominal interest rates to construct estimates of agents' expectations of inflation over several medium-term forecast horizons. The Expectations Hypothesis is imposed together with the assumption that expected future real interest rates are given by current real rates. Under these maintained assumptions, it is possible to […]
Publication Year: 1995
Publication Date: 1995-01-01
Language: en
Type: article
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Cited By Count: 13
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