D'Amico, Stefania; Orphanides, Athanasios - 2014
This paper examines the relation between variations in perceived inflation uncertainty and bond premia. Using the …-based ex-post measures of macroeconomic risk. Inflation uncertainty is an important driver of bond premia, but the relation …-inflation regime over the last 15 years. Once the role of inflation uncertainty is accounted for, disagreement regarding inflation …