Expected Inflation and Real Interest Rates Based on Index-linked Bond Prices:The U.K. Experience

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Expected Inflation and Real Interest Rates Based on Index-linked Bond Prices:
The U.K. Experience

Autumn 1991Volume 16, Number 3

Author: Gabriel de Kock

Some analysts have argued that indexed bonds convey important information for the formulation of monetary policy. This article investigates whether a market measure of expected inflation derived from British indexed gilt prices would be useful in predicting future inflation and real economic activity.

PDF full article PDF

14 pages / 1,317 kb

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