This paper presents new evidence about the information contained in the term structure
about future inflation. Although the general finding in the literature is that the greater the time …

This empirical analysis indicates that for maturities of six months or less, the term structure of
nominal interest rates provides almost no information about the future path of inflation but …

The one-year expected inflation rate and the expected real return on one-year bonds move
opposite one another. The result is that the term structure shows little power to forecast near …

Recent research has begun to examine what information the term structure of interest rates
contains about future inflation. Mishkin [1990] examines the term structure for US Treasury …

This paper extends previous work on the information content of the term structure of interest
rates using a newly constructed dataset for the United States, Japan, Germany, Switzerland …

This paper extends previous work on the information in the US term structure at longer
maturities to Britain, West Germany, and Switzerland. We find strong evidence that the term …

Financial market deregulation and innovation have considerably complicated the
interpretation of money aggregates in the 198Os, making them less reliable indicators for …

This paper examines the information content of inflation forecasts derived using index-linked
and conventional bonds. The paper finds that the derived inflation term structure (ITS) gives …

The expectations theory of the term structure is well known to give wrong signals as to the
future course of long-term interest rates. One explanation involves rational time-varying term …

The paper is devoted to an empirical examination of the information content in the term
structure of nominal interest rates for future inflation. Tests of the ability of the term structure …