{"product_id":"finance-and-economics-discussion-series-deriving-inflation-expectations-from-nominal-and-inflation-indexed-treasury-yields-9781288716999","title":"Finance and Economics Discussion Series: Deriving Inflation Expectations from Nominal and Inflation-Indexed Treasury Yields","description":"\u003cp\u003e • Author(s): Brian Sack | United States Federal Reserve Board\u003cbr\u003e • Publisher: Bibliogov\u003cbr\u003e • Publisher Imprint: Bibliogov\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003eThis paper derives a measure of inflation compensation from the yields of a Treasury inflation-indexed security and a portfolio of STRIPS that has similar liquidity and duration as the indexed security. This measure can be used as a proxy for inflation expectations if the inflation risk premium is small. The calculated measure suggests that the rate of inflation expected over the next ten years fell from just under 3% in mid-1997 to just under 1 3\/4% by early 1999, before rising back to about 2 1\/2% by the beginning of 2000. This variation is more extensive than would have been expected from a simple model of inflation dynamics or from a survey measure of long-run inflation expectations.\u003c\/p\u003e","brand":"Bibliogov","offers":[{"title":"Paperback","offer_id":47598177321111,"sku":"9781288716999","price":1428.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781288716999.webp?v=1774999948","url":"https:\/\/atlanticbooks.com\/products\/finance-and-economics-discussion-series-deriving-inflation-expectations-from-nominal-and-inflation-indexed-treasury-yields-9781288716999","provider":"Atlantic Books","version":"1.0","type":"link"}