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

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 …

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 …

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 tests the joint hypothesis of rational expectations and the expectations theory of
the term structure using the Livingston survey data on price inflation forecasts. For a variety …

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 …

This paper provides evidence on what the term structure (for maturities of twelve months or
less) tells us about future inflation in ten OECD countries. The empirical results on the …

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 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 …

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 …