- We will send in 10–14 business days.
/images/books/7509449/9781288716999.jpg)
- Author: Brian Sack
- Publisher: Bibliogov
- ISBN-10: 1288716990
- ISBN-13: 9781288716999
- Format: 18.9 x 24.6 x 0.2 cm, minkšti viršeliai
- Language: English
- SAVE -10% with code: EXTRA
Reviews
Description
This paper derives a measure of inflation compensation from the yields of a Treasury inflation-indexed security and a portfolio of STRIPS that has similar liquidity and duration as the indexed security. This measure can be used as a proxy for inflation expectations if the inflation risk premium is small. The calculated measure suggests that the rate of inflation expected over the next ten years fell from just under 3% in mid-1997 to just under 1 3/4% by early 1999, before rising back to about 2 1/2% by the beginning of 2000. This variation is more extensive than would have been expected from a simple model of inflation dynamics or from a survey measure of long-run inflation expectations.
EXTRA 10 % discount with code: EXTRA
The promotion ends in 21d.19:51:00
The discount code is valid when purchasing from 10 €. Discounts do not stack.
- Author: Brian Sack
- Publisher: Bibliogov
- ISBN-10: 1288716990
- ISBN-13: 9781288716999
- Format: 18.9 x 24.6 x 0.2 cm, minkšti viršeliai
- Language: English English
This paper derives a measure of inflation compensation from the yields of a Treasury inflation-indexed security and a portfolio of STRIPS that has similar liquidity and duration as the indexed security. This measure can be used as a proxy for inflation expectations if the inflation risk premium is small. The calculated measure suggests that the rate of inflation expected over the next ten years fell from just under 3% in mid-1997 to just under 1 3/4% by early 1999, before rising back to about 2 1/2% by the beginning of 2000. This variation is more extensive than would have been expected from a simple model of inflation dynamics or from a survey measure of long-run inflation expectations.
Reviews