Uncovering Financial Markets Beliefs About Inflation Targets

Francisco Ruge-Murcia

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: This paper exploits the term structure of interest rates to develop testable economic restrictions on the joint process of long-term interest rates and inflation when the latter is subject to a targeting policy by the Central Bank.

Keywords: INFLATION; EXPECTATIONS; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: E42 E43 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1998
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Uncovering financial markets' beliefs about inflation targets (2000)
Working Paper: Uncovering Financial Markets Beliefs About Inflation Targets (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montec:9803

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