{"product_id":"finance-and-economics-discussion-series-deriving-inflation-expectations-from-nominal-and-inflation-indexed-treasury-yields-1288716990","title":"Finance and Economics Discussion Series: Deriving Inflation Expectations from Nominal and Inflation-Indexed Treasury Yields","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 1288716990\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Sack, Brian\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eThis paper derives a measure of inflation compensation from the yields of a Treasury inflation-indexed security and a portfolio of STRIPS that has similar liquidity and duration as the indexed security. This measure can be used as a proxy for inflation expectations if the inflation risk premium is small. The calculated measure suggests that the rate of inflation expected over the next ten years fell from just under 3% in mid-1997 to just under 1 3\/4% by early 1999, before rising back to about 2 1\/2% by the beginning of 2000. This variation is more extensive than would have been expected from a simple model of inflation dynamics or from a survey measure of long-run inflation expectations.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51964262842656,"sku":"NEW1288716990","price":18.9,"currency_code":"USD","in_stock":false}],"url":"https:\/\/miakarts.com\/products\/finance-and-economics-discussion-series-deriving-inflation-expectations-from-nominal-and-inflation-indexed-treasury-yields-1288716990","provider":"Miakarts Books","version":"1.0","type":"link"}