Journal Article

Expected inflation and real interest rates based on index-linked bond prices: the U.K. experience

Abstract: Some analysts have argued that indexed bonds convey important information for the formulation of monetary policy. This article investigates whether a market measure of expected inflation derived from British indexed gilt prices would be useful in predicting future inflation and real economic activity.

Keywords: Inflation (Finance); Interest rates; Bonds; Great Britain;

Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Quarterly Review

Publication Date: 1991

Volume: 16

Issue: Aut

Pages: 47-60