Gürkaynak, Refet S; Levin, Andrew; Swanson, Eric - In: Journal of the European Economic Association 8 (2010) 6, pp. 1208-1242
We investigate the extent to which inflation expectations have been more firmly anchored in the United Kingdom …-a country with an explicit inflation target-than in the United States-a country with no such target-using the difference between … far-ahead forward rates on nominal and inflation-indexed bonds as a measure of compensation for expected inflation and …