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 …

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 …

Empirical analysis of data from ten OECD countries indicates that, except for France, the
United Kingdom, and Germany, the shorter maturity term structure does not contain a great …

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 …

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 …

This paper studies the usefulness of spreads between interest rates of different maturities as
indicators of future inflation and real interest rates in Germany, using monthly data starting in …

The term-structure slope contains information about expected future inflation. Mishkin shows
that the spread between the twelve-month and three-month interest rates helps predict the …

In a number of recent papers [11][12], 2 it has been shown that, for the United States, the
behaviour of the term structure of interest rates can be explained remarkably well by …

We reexamine the expectations theory of the term structure using data at the short end of the
maturity spectrum. We find that prior to the founding of the Federal Reserve System in 1915 …

This paper examines the relationship of the term structure of interest rates to monetary policy
instruments and to subsequent real activity and inflation in both Europe and the United …