The Bond Rate and Actual Future Inflation

  • Yash P. Mehra
  • Published 1998


I t is widely believed that bond yields contain useful information about expected inflation. Many have empirically investigated this issue by examining whether the slope of the term structure has any predictive content in forecasting future inflation. That research, however, has produced disparate results. In a series of papers, Mishkin (1990a, 1990b, 1991… (More)


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