The Term Structure of Interest Rates and Future Inflation

Viktor Kotlán ()

Macroeconomics from EconWPA

Abstract: Expected inflation is a major decision factor of various economic agents. Since expected inflation is not directly observable, economists have been seeking ways of extracting market’s inflation expectations from observable variables. One of the most reliable sources of inflation expectations is the term structure of interest rates. This paper presents the methodology and empirical results for the Czech Republic of using the term structure of interest for deriving future inflation expectations.

Keywords: term structure of interest rates; yield curve; inflation (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mon
Date: 2000-06-14
Note: Type of Document - MS Word; prepared on IBM PC ; to print on HP; pages: 15; figures: included. Published: Eastern European Economics, Vol. 37, No. 5, September-October 1999, pp. 36-51

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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0004014

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