The Term Structure of Interest Rates and Future Inflation

Viktor Kotlán ()

Macroeconomics from University Library of Munich, Germany

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)
Pages: 15 pages
Date: 2000-06-14
New Economics Papers: this item is included in nep-mon
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
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0004/0004014.pdf (application/pdf)
https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0004/0004014.doc.gz (application/msword)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

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

Access Statistics for this paper

More papers in Macroeconomics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).