expected inflation, and the ""nominal-real covariance"" of inflation and the real interest rate with the real economy. The last …

expected inflation, and the ""nominal-real covariance"" of inflation and the real interest rate with the real economy. The last …

This paper estimates expected future real interest rates and inflation rates from observed prices of UK government …-linked bonds. It assumes that expected log returns on all bonds are equal, and that expected real interest rates and inflation … inflation expectations forecast actual future inflation more accurately than nominal yields do. The estimated real interest rate …

This paper explores the history of inflation-indexed bond markets in the US and the UK. It documents a massive decline … financial crisis of 2008. Breakeven inflation rates, calculated from inflation-indexed and nominal government bond yields … inflation-indexed yields and high short-term volatility of inflation-indexed bond returns do not invalidate the basic case for …

This paper explores the history of inflation-indexed bond markets in the US and the UK. It documents a massive decline … financial crisis of 2008. Breakeven inflation rates, calculated from inflation- indexed and nominal government bond yields … inflation-indexed yields and high short-term volatility of inflation-indexed bond returns do not invalidate the basic case for …