Inflation: Noise, Risk, and Expectations

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5 pages
Source: Federal Reserve Bank of Cleveland
Joseph G. Haubrich Timothy Bianco

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Abstract

The authors look at inflationary expectations from traditional TIPS/nominal yield spreads as well as the inflation swaps market and the Cleveland Fed model to examine whether multiple sources of data are better for determining inflation expectations and Fed policy.
Topics
Economics
    :
  • Inflation
|
Fixed Income
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