Inflation expectations and the risk of deflation

Jens Christensen

FRBSF Economic Letter, 2009, issue nov2

Abstract: Predicting the course of inflation is one of the most important challenges facing monetary policymakers. Useful aids to such prediction are the measures of expected future inflation obtained from prices in government bond markets. An examination of recent inflation-indexed and non-indexed U.S. Treasury bond yields suggests that financial market participants believe that the probability of prolonged deflation has become fairly small.

Keywords: Deflation (Finance); Inflation (Finance) (search for similar items in EconPapers)
Date: 2009
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