Long-Term Interest Rates and Inflation : A Fisherian Approach

A contemporary extension of Irving Fisher's theory of interest identifies three determinants of long-term nominal bond yields: long-term real interest rates, risk premia, and long-term inflationary expectations. Empirically, however, the long-term real rate is quite stable and the risk premium is quite small. Consequently, movements in long-term bond yields reliably signal changes in expected inflation

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Year of publication:	2012
Authors:	Ireland, Peter N.
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Inflation \| Zins \| Interest rate \| Theorie \| Theory \| Inflationsbekämpfung \| Anti-inflation policy

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Extent:	1 Online-Ressource (15 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: FRB Richmond Economic Quarterly, vol. 82, no. 1, Winter 1996, pp. 21-35 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1996 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013102437