Discussion Paper
Has the Inflation Risk Premium Fallen? Is it Now Negative?
Abstract: In this note, we examine the theoretical determinants of one important component of inflation compensation, the inflation risk premium, and argue that a secular decline in the inflation risk premium may be responsible for a substantial portion of the decline in inflation compensation in recent years.
https://doi.org/10.17016/2380-7172.1720
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2016-04-04
Number: 2016-04-04