The Term Structure of Interest Rates and Future Inflation
Expected inflation is a major decision factor of various economic agents. Since expected inflation is not directly observable, economists have been seeking ways of extracting market’s inflation expectations from observable variables. One of the most reliable sources of inflation expectations is the term structure of interest rates. This paper presents the methodology and empirical results for the Czech Republic of using the term structure of interest for deriving future inflation expectations.
|Date of creation:||14 Jun 2000|
|Note:||Type of Document - MS Word; prepared on IBM PC ; to print on HP; pages: 15; figures: included. Published: Eastern European Economics, Vol. 37, No. 5, September-October 1999, pp. 36-51|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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- Atta-Mensah, Joseph & Tkacz, Greg, 1998. "Predicting Canadian Recessions Using Financial Variables: A Probit Approach," Staff Working Papers 98-5, Bank of Canada.
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