produces an estimation of market expectations about inflation free of liquidity, counterparty and term premia. We provide a … an estimation of the risk premia. Our approach is somewhat equivalent to the recent contribution of Christiensen, Diebold … directly the inflation rate as an additional factor without reducing the forecasting ability of the model. The augmented model …

In this paper we decompose nominal interest rates into real risk-free rates, inflation expectations and risk premia … using an affine model that takes as factors the observed inflation rate and the parameters generated in the zero yield curve … estimation. We apply this model to the Spanish economy during the 90s, which is an especially challenging exercise given the …

restructuring and defaults; in the United Kingdom inflation has dominated, eroding the value of debt; and in Ireland and Spain the …

bank independence and measures of persistence, and then we compare them with inflation performance in OECD countries. Our … of inflation. …

Inflation-indexed bonds are fixed-income securities whose nominal cash flows are adjusted to an inflation index. In … countries where these securities exist, inflation expectations are sometimes estimated as the spread between the nominal yield … the same issuer. However, this indicator known as the break-even rate, may estimate inflation expectations with some …

Political Science on June 4th. It starts by asking what factors have been behind the remarkable retreat of inflation that has …

provincial inflation divergences and relative price shifts. Inflation differentials are found to be small (the range is less than …

orientation of macroeconomic policies - and of monetary policies in particular - to achieving lower inflation rates. This has led … to a move from low inflation to price stability in a number of countries and, in particular, in Spain. The purpose of … from achieving inflation rates which are low enough to be considered consistent with a situation of price stability. …